Most investors say low interest rates are better for their personal finances, except for older people who depend on fixed income securities, according to Gallup.

“U.S. investors overall say low interest rates (63 percent) are better than high interest rates (33 percent) when asked which would be better for their financial situation today,” according to the survey company. “However, these views vary widely by working status. Retired investors prefer high interest rates (52 percent), while nonretired investors prefer low rates (71 percent).”

The Federal Reserve has held interest rates near record lows for the past eight years in an effort to revive economic growth by punishing saving while encouraging borrowing and spending. The central bank raised its target rate by 0.25 percentage point to about 0.5 percent in December, the first hike in 10 years.

Investors forecast little likelihood that the Fed will raise interest rates at its Nov. 1-2 meeting, a week before election day. Fed funds futures show that traders anticipate a 64 percent chance of a hike at the Dec. 13-14 meeting.

“Retired investors are slightly more likely to name continued low interest rates (47 percent) as a bigger threat than continued stock market volatility (41 percent),” Gallup said in a statement. “It is not surprising that retired investors are more concerned with low interest rates, as they are more likely to be living off income produced by investments.”

Results for the Wells Fargo/Gallup Investor and Retirement Optimism Index survey were based on questions asked Aug. 5-14 of a random sample of 1,021 adults having investable assets of $10,000 or more.