No matter the age, adults of the various generations on the planet are fearful of risks to their retirement money. (Photo: Shutterstock)
They're not adequately prepared for a range of financial risks in retirement, but different generations vary in their concern levels about different threats to their retirement security.
That's according to the Society of Actuaries, which released two studies indicating that not only are people weighed down by fears of running out of money but many are also caring financially for other family members.
Worries about money are common, with 63 percent of respondents to the first study saying they're afraid they won't be able to maintain a reasonable standard of living for the rest of their lives.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
