Volatility will continue to hammer markets in 2023 and people are fretting over retirement savings. Here are 3 big takeaways from Allianz's latest markets survey.

• Americans are increasingly anxious about their financial futures as they worry about market volatility, inflation, and a recession.
• 64% of survey respondents to an Allianz survey would rather hold cash rather ride out market swings.
• 40% said they're worried market volatility will lead their employers suspending matching contributions to their 401(k) accounts. 

Most Americans are nervous about their retirement portfolios in the face of a potential recession and as inflation still rages hot, and they'd rather hold onto cash than risk losing money in stocks, according to a survey from Allianz Life.