Mediating factors in retirement savings and well-being: a focused study on Sarawak
| Autor: | Suzie Adee, Evan Lau, Shirly Wong |
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| Jazyk: | angličtina |
| Rok vydání: | 2024 |
| Předmět: | |
| Zdroj: | Cogent Economics & Finance, Vol 12, Iss 1 (2024) |
| Druh dokumentu: | article |
| ISSN: | 23322039 2332-2039 |
| DOI: | 10.1080/23322039.2024.2422217 |
| Popis: | This study aims to examine the factors that influence societal savings habits and pre-retirement well-being. Triggered by the global trend of low personal interest rates, it seeks to illuminate how preparedness for retirement affects the overall quality of life and societal well-being. More specifically, the study pursues three (3) main objectives: 1) to identify the socio-demographic and behavioural elements that shape societal savings habits; 2) to determine the factors that affect individuals’ propensity to save; and 3) to assess the impact of savings behaviours on pre-retirement well-being, focusing on aspects such as happiness, prosperity, health, comfort, and security. We used the Partial Least Squares Structural Equation Model (PLS-SEM) with SMART-PLS to analyse these relationships. The results illustrate significant correlations among financial literacy, savings habits, financial risk tolerance, future time perspectives, retirement savings, and retirement well-being. These findings bolster the study’s conclusions, which are further supported by active survey participation. |
| Databáze: | Directory of Open Access Journals |
| Externí odkaz: |
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