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In fact, 61% of those surveyed responded that they fear retirement more than death itself.
Why exactly are so many workers afraid to retire?
According to Fidelity, the average 65-year-old couple will spend $12,200 during just their first year of retirement.
According to the survey, 27% of workers have between $10,000-$50,000 saved for retirement.
Medical costs alone could wipe out their savings.
With retirement, the life associated with working is suddenly taken away.
This is concerning for 46% of workers.
Nervous About Maintaining Desired Standard of Living in Retirement
Most likely, income will drop in retirement.
Thats a scary thought for 45% of workers, as theyve become accustomed to a certain lifestyle.
The survey also showed that 44% of workers havecredit card debt, and 41% have car loans.
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