Why So Many Americans Have Trouble Spending Their Retirement Savings — Live Feedhttps://www.live-feeds.com/feed/why-so-many-americans-have-trouble-spending-their-retirement-savingsContinuously updated, source-cited coverage. Retirees Struggle with Psychological Barrier to Spending Savingshttps://www.live-feeds.com/feed/why-so-many-americans-have-trouble-spending-their-retirement-savingshttps://www.live-feeds.com/feed/why-so-many-americans-have-trouble-spending-their-retirement-savings#u105525Tue, 06 Oct 2026 06:45:23 +0000Many Americans are reluctant to spend the retirement funds they spent decades accumulating. Prudential reports that these individuals struggle with receiving "permission to spend," while a study indicates most clients feel uncomfortable drawing down their assets. Data from lifehealth.com shows only 28% of retirees and pre-retirees are comfortable spending their savings. This trend suggests a psychological shift where the habit of saving for 40 years creates a mental barrier to accessing funds during the retirement phase.Why it mattersThe transition from wealth accumulation to decumul