Many investors who lived through the Global Financial Crisis of 2007-2009 still might bear some scars, according to Franklin Templeton’s annual Retirement Income Strategies and Expectations (RISE) survey. The survey explores individuals’ attitudes and expectations about retirement and how prepared people feel regarding their future. One of the main takeaways in this year’s survey is how many Millennial investors in particular remain focused on short-term market volatility, even though the markets have been able to bounce back. Michael Doshier, vice president, retirement marketing, offers highlights from the survey and examines how reactions to severe market shocks may impede us from reaching our long-term investment goals.

The Global Financial Crisis ended nearly eight years ago and yet the scars still run deep for many investors, at least according to findings in Franklin Templeton’s Retirement Income Strategies and Expectations (RISE) survey.1 Now in its sixth year in the United States, the survey aims to gauge individuals’ attitudes toward retirement and preparedness for the future. The survey spans multiple generations and includes current retirees who offer their wisdom about saving for retirement and the realities they now are facing.

This year’s survey held a few surprises with regard to the way people approach retirement and how different generations think about investing for it.

What we found particularly interesting about this year’s RISE survey is how strong fears of short-term market fluctuations seem to be in the minds of many investors, especially many younger ones.