Retirees spent their lives saving. Now they're afraid to spend — Live Feedhttps://www.live-feeds.com/feed/retirees-spent-their-lives-saving-now-they-re-afraid-to-spendContinuously updated, source-cited coverage. Retirees Struggle with Fear of Spending Savingshttps://www.live-feeds.com/feed/retirees-spent-their-lives-saving-now-they-re-afraid-to-spendhttps://www.live-feeds.com/feed/retirees-spent-their-lives-saving-now-they-re-afraid-to-spend#u67983Mon, 14 Sep 2026 17:13:10 +0000Many retirees are reluctant to spend the money they saved over their working lives. This hesitation stems from widespread anxiety that retirement funds will be insufficient to cover long-term needs. While some retirees face the psychological hurdle of transitioning from saving to spending, others fear they may be forced to work indefinitely. Financial institutions like Schwab have identified a pending shift in how retirees manage their spending habits as these fears persist across the American retirement population.Why it mattersThe transition from wealth accumulation to decumulation is often