Social Security stress and vanishing pensions push retirement age higher

More than 60% of surveyed Americans are more worried about running out of money in retirement than they are about dying, according to a 2025 survey from Allianz Life. As Social Security faces long-term funding issues and employer pensions fade away, many Americans are depending on working longer to make ends meet. But some economists warn that planning to extend careers may not be a reliable solution considering the prevalence of age discrimination and the overall state of the labor market.