Overview
- The Schroders survey, released Thursday, found 90% of retirees worry inflation will eat into their assets and 87% fear higher-than-expected health-care costs.
- Nearly six in ten respondents said they do not know how long their retirement savings will last and 69% said they are uncertain how best to draw down assets.
- Retirees report spending an average of 16% of their monthly income on medical bills and many expected Medicare to cover more of those costs.
- Financial strain is affecting daily life: one in five said they are struggling financially, more than a third said money worries harm their health, and about three in ten lose sleep over money.
- The shortfall between April's 3.8% inflation rate and Social Security's 2026 COLA of 2.8%, plus pandemic-era market swings and weak planning, leaves fixed-income retirees especially exposed to long-term purchasing-power loss.