A new retirement fear is gripping Americans as many worry they may have to return to work after retiring

Group 1 - The majority of Americans are anxious about retirement, with 63% expressing concerns about needing to return to work after retiring [1] - Economic factors are significantly impacting retirement plans, with 77% of respondents indicating that the current economic climate affects their retirement timeline [2] - Younger generations, particularly Gen Z and millennials, are facing a different retirement reality, characterized by longer lifespans, less access to defined-benefit pension plans, and greater reliance on personal savings [3] Group 2 - The average retirement savings for Gen Xers is $192,300 in a 401(k) and $103,952 in an IRA, while millennials have averages of $67,300 in a 401(k) and $25,109 in an IRA, which are below the perceived need of $1.26 million for a comfortable retirement [4][5] - A significant portion of baby boomers (88%) are currently working, and 23% of retirees are considering temporary work for additional income, indicating a trend towards "unretirement" [5]