Older Americans spent decades building their retirement nest eggs

Older Americans spent decades building their retirement nest eggs — Live Feedhttps://www.live-feeds.com/feed/older-americans-spent-decades-building-their-retirement-nest-eggsContinuously updated, source-cited coverage. Retirees Struggle to Spend Savings Due to Fear of Financial Insecurityhttps://www.live-feeds.com/feed/older-americans-spent-decades-building-their-retirement-nest-eggshttps://www.live-feeds.com/feed/older-americans-spent-decades-building-their-retirement-nest-eggs#u105089Tue, 06 Oct 2026 03:52:12 +0000Older Americans are reluctant to spend their retirement savings despite spending decades building their nest eggs. A Retirement Pulse survey from Prudential Financial indicates that retirees fear spending these funds and prefer guaranteed income to avoid financial instability. This psychological barrier, described by Prudential as a struggle with "permission to spend," affects even wealthy individuals. Many retirees feel uncomfortable drawing down their assets, leading to a trend where savings remain untouched despite the availability of funds.Why it mattersThis reluctance stems from