These are retirees 5 biggest financial fears

MoneyWatch The 5 biggest financial concerns for retirees, according to new research .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Aimee Picchi Aimee Picchi Associate Managing Editor, MoneyWatch Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets including USA Today and Consumer Reports. Read Full Bio Aimee Picchi May 21, 2026 / 5:00 AM EDT / CBS News Add CBS News on Google Inflation, rising health care costs and fears of outliving savings are fueling new financial anxieties among retirees, with one in five saying they are struggling financially, according to new research.The rising cost of living is retirees' top concern, with about 90% saying they worry inflation will erode the value of their assets, according to a survey of about 400 retirees by investment firm Schroders.The concern reflects a broader fear among many retirees: running out of money. Earlier this year, Allianz found that 67% of the investors it surveyed said they were more worried about outliving their savings than about dying, Kelly LaVigne, vice president of consumer insights at Allianz Life, told CBS News.The findings reflect the financial turbulence many retirees have faced since the pandemic, with inflation remaining above the Federal Reserve's 2% target and market swings causing retirement balances to fluctuate. One in five retirees surveyed by Schroders said they are struggling financially."Think about taking your retirement money for 30 years — even at a 3% inflation rate, which is relatively conservative, the cost of living is going to double in 24 years," LaVigne said. "What might have been a pretty good income when you first started out, 30 years later, you're not doing so great."Here are retirees' top 5 financial concerns and the share of retirees who expressed them, a...