Americans worry almost as much about short-term market volatility as they do about achieving their long-term retirement goals, Franklin Templeton Investments found in its 2017 Retirement Income Strategies and Expectations Survey. Forty-seven percent are concerned about short-term volatility and 53% about their retirement goals.

Volatility concerns men more than women (51% vs. 44%) while for women, long-term retirement goals are top of mind (56% vs. 49%).

Of the generations, Generation X is the least concerned about volatility—39% say they pay attention to it. Franklin Templeton says it is surprising that 47% of Millennials, who have the longest time horizon for investing, are worried about volatility and that 53% are concerned they will fail to achieve their retirement goals.

“The 24-hour news cycle contributes to a preoccupation with the short term,” says Michael Doshier, vice president of retirement marketing at the firm.

Sixty-two percent of respondents overall said they consider other household members when thinking about retirement, and this jumps to 84% if the person is married or living with a partner. Among those with a child under age 18, 16% expect that saving for his education will delay their retirement. Seventeen percent of working Americans with such a child are looking for college-savings-related tools.

Thirty-two percent of Baby Boomers and 31% of the Silent Generation said their 401(k) retirement plan savings is their primary source of income in retirement.

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