It’s a conflicted time for American investors who are both worried about their preparedness for retirement but also terrifically gun shy about taking on new risk to help pay for it, according to a new study of 702 U.S. residents who range in age from 18 to 67.

The survey found that 71% of respondents said volatility has eroded their confidence in the markets, while nearly 80% (77%) said they are concerned about outliving their assets when they are older. Rounding out this cautionary picture, 58% said they will sacrifice investment returns in order to minimum risk and 57% said they won’t be reducing the cash holdings in their portfolio.

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