Maybe these people are well off because the developed the habit of saving over a lifetime and they are simply continuing the habit. If they were spenders, they wouldn't have the reserves to speak of.
It might not be fear but simply a practical habit that there is no real reason for them to break.
Keep in mind many people will have purchased items or experiences they desire throughout their life, rather than simply waiting for retirement.
It might not be fear but simply a practical habit that there is no real reason for them to break.
Keep in mind many people will have purchased items or experiences they desire throughout their life, rather than simply waiting for retirement.