Older Americans are afraid to spend their riches in retirement

Older Americans are often unwilling to spend down their savings in retirement.Catherine Delahaye/Getty ImagesMany retirees fear spending savings, with most prefering leaving a surplus over depleting funds.A Prudential survey shows retirees struggle with balancing spending on enjoyment and future saving.Retirees feel guilty spending on luxuries and prefer guaranteed monthly income over a lump sum.Millions of Americans save for decades for the day when they turn in their laptops and never have to