Retirement insecurity ranks near the top ofAmericans’ financial concerns, behind only the inability to coverthe costs of unexpected emergencies, according to PwC’s 2016Employee Financial Wellness Survey.

Overall retirement confidence stayed flat among the generationsthis year, but still shows massive gaps in the workforce’s preparedness for thefuture, as 45 percent of all employees surveyed fear running out ofmoney in retirement.

Fear of exhausting savings in retirement was the worst among millennials andGen Xers, 53 and 50 percent of whom, respectively, are expecting tooutlive savings. Only 33 percent of Baby Boomers fear running outof money when they retire.

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Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.