Socioeconomic, psychological and demographic determinants of Australian baby boomers' financial planning for retirement

被引:12
|
作者
Noone, Jack [1 ]
O'Loughlin, Kate [1 ]
Kendig, Hal [1 ]
机构
[1] Univ Sydney, Fac Hlth Sci, Sydney, NSW 2006, Australia
基金
澳大利亚研究理事会;
关键词
future time perspective; retirement planning; socioeconomic status; HEALTH;
D O I
10.1111/j.1741-6612.2012.00600.x
中图分类号
R592 [老年病学]; C [社会科学总论];
学科分类号
03 ; 0303 ; 100203 ;
摘要
Aim: Research from around the Western World has shown that psychological, socioeconomic and demographic factors can influence levels of financial planning. This study aims to determine how these factors interrelate to predict planning outcomes. Method: Data from the Ageing Baby Boomers in Australia Study were used to examine the effects of multiple factors on financial planning for 709 employed Australians nearing retirement. Results: The results showed that higher income, future time perspective (FTP) and financial knowledge independently predicted levels of retirement planning. The effects of FTP and financial knowledge on financial planning were consistent across levels of socioeconomic status. Conclusions: While similar issues in financial planning appeared across socioeconomic status, a one size fits all approach to retirement policy may not be effective. Instead, policy should be targeted towards the diverse needs of different groups. Raising public awareness of FTP and financial knowledge may provide a useful starting point.
引用
收藏
页码:194 / 197
页数:4
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