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Financial literacy and retirement savings ownership
| Content Provider | Scilit |
|---|---|
| Author | Adiandari, A. M. Amrita, N. D. A. Winata, H. |
| Copyright Year | 2020 |
| Description | This study aims to determine the relationship of financial literacy and retirement savings ownership. This study also tests whether socio-economic characteristics, such as marital status, number of children, tenure of employment, and amount of monthly income can affect a person's decision to own retirement savings for future prosperity. The research method is quantitative, using Spearman correlation test with the sample number of 170 employees from a state-owned bank in Payakumbuh, West Sumatra, Indonesia. Results showed that only number of children and tenure of employment of the socio-economic characteristics have relationship with retirement savings ownership, while marital status and amount of monthly income have no relationship with retirement savings ownership. Moreover, results show that financial literacy has a relationship with retirement savings ownership. Hence, improving financial knowledge, especially directly related to retirement savings is necessary, to increase penetration and density of retirement savings in Indonesia. Book Name: Advances in Business, Management and Entrepreneurship |
| Related Links | https://api.taylorfrancis.com/content/chapters/edit/download?identifierName=doi&identifierValue=10.1201/9780429295348-95&type=chapterpdf |
| Ending Page | 441 |
| Page Count | 5 |
| Starting Page | 437 |
| DOI | 10.1201/9780429295348-95 |
| Language | English |
| Publisher | Informa UK Limited |
| Publisher Date | 2020-01-06 |
| Access Restriction | Open |
| Subject Keyword | Book Name: Advances in Business, Management and Entrepreneurship History and Philosophy of Science Children Retirement Savings Ownership Relationship of Financial Literacy Marital |
| Content Type | Text |
| Resource Type | Chapter |
