Volume : VIII, Issue : II, February - 2018

INFLUENCE OF FINANCIAL BEHAVIOUR ON RETIREMENT CONFIDENCE AMONG WORKING ADULTS

Dr. P. Shanmugha Priya

Abstract :

 

To have a financial stability after retirement, financial planning is essential. An understanding on the concept of retirement confidence has been found to be low in many working adults. This study aims to examine the influence of financial behaviour on retirement confidence and influence of various socio–demographic variables on the retirement confidence of employees working in the IT sector. Multiple regression analysis was applied to determine the predictors of retirement confidence. One way ANOVA and independent t–test are used to study the impact of various socio–demographic variables on retirement confidence. This study concludes that financial behaviour is the major forecaster of the retirement confidence among the IT employees. The findings of the study have a practical suggestion for financial advisors in helping employees to be more aware of their retirement life financial needs and to prevent them from debt trap in later years.

Keywords :

Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Dr.P.Shanmugha Priya, INFLUENCE OF FINANCIAL BEHAVIOUR ON RETIREMENT CONFIDENCE AMONG WORKING ADULTS, INDIAN JOURNAL OF APPLIED RESEARCH : Volume-8 | Issue-2 | February-2018

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