A growing portion of Americans are more afraid of running out of money than death itself. According to Allianz Center's 2026 Annual Retirement Study, just over two-thirds of Americans now worry more about running out of money than about losing their lives, up 10 percentage points from 2022. Whether you call it retirement anxiety or 'FORO' (Fear of Running Out), the concern reflects a broader shift in how people think about longevity, security, and financial independence.