Americans Fear Going Broke in Retirement but They Don't Do Anything About It

Americans fear going broke in retirement but they don’t do anything about it, according to a Merrill Edge Survey. Conducted by Kelton, the survey reached people with more than $50,000 in investable assets. 50% of people say they fear not having enough money to get through their golden years, but many refuse to cut back on indulgences like eating out, entertainment and vacations.