Staff View: Factors affecting retirement planning behaviour among working adults in the private sector: the case of Pulau Pinang, Kuala Lumpur, and Johor.

Factors affecting retirement planning behaviour among working adults in the private sector: the case of Pulau Pinang, Kuala Lumpur, and Johor.

Retirement planning behaviour is a crucial practice for retirement savings to safeguard one’s post-retirement life quality. This study focuses on assessing the influence of inadequate retirement planning behaviour on retirement savings. Therefore, the study investigates the relationship between reti...

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Main Authors:	Chong, Heng Xu, Chow, Whye Shing, Divya Sri, K. Vasu
Format:	Final Year Project / Dissertation / Thesis
Published:	2023
Subjects:	HB Economic Theory HG Finance HM Sociology T Technology (General)
Online Access:	http://eprints.utar.edu.my/6066/1/fyp_FE_2023_CHX.pdf http://eprints.utar.edu.my/6066/
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id	my-utar-eprints.6066
record_format	eprints
spelling	my-utar-eprints.60662023-12-21T14:28:25Z Factors affecting retirement planning behaviour among working adults in the private sector: the case of Pulau Pinang, Kuala Lumpur, and Johor. Chong, Heng Xu Chow, Whye Shing Divya Sri, K. Vasu HB Economic Theory HG Finance HM Sociology T Technology (General) Retirement planning behaviour is a crucial practice for retirement savings to safeguard one’s post-retirement life quality. This study focuses on assessing the influence of inadequate retirement planning behaviour on retirement savings. Therefore, the study investigates the relationship between retirement planning behaviour and factors, including family education, financial literacy, and goal clarity in the context of working adults in the private sector since they do not have any pension schemes but merely EPF contributions. As a result, this study is particularly centered on working adults employed in the private sector, who have been more vulnerable and mostly affected among the working population. A total of 411 surveys had been gathered from regions, including Kuala Lumpur, Pulau Pinang, and Johor. Subsequently, Statistical Package for the Social Sciences (SPSS) version 27.0 was employed for data analysis. Several tests were performed, such as reliability test, consistency test as well as multiple linear regression analysis. The results of the data analysis showed that financial literacy and goal clarity had significant influences on retirement planning behaviour. However, family education is reported to be insignificantly related to retirement planning behaviour. Thus, the implications are recommended to all relevant institutions with the purpose of promoting education among individuals to enhance their retirement planning behaviour. 2023-06 Final Year Project / Dissertation / Thesis NonPeerReviewed application/pdf http://eprints.utar.edu.my/6066/1/fyp_FE_2023_CHX.pdf Chong, Heng Xu and Chow, Whye Shing and Divya Sri, K. Vasu (2023) Factors affecting retirement planning behaviour among working adults in the private sector: the case of Pulau Pinang, Kuala Lumpur, and Johor. Final Year Project, UTAR. http://eprints.utar.edu.my/6066/
institution	Universiti Tunku Abdul Rahman
building	UTAR Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	Universiti Tunku Abdul Rahman
content_source	UTAR Institutional Repository
url_provider	http://eprints.utar.edu.my
topic	HB Economic Theory HG Finance HM Sociology T Technology (General)
spellingShingle	HB Economic Theory HG Finance HM Sociology T Technology (General) Chong, Heng Xu Chow, Whye Shing Divya Sri, K. Vasu Factors affecting retirement planning behaviour among working adults in the private sector: the case of Pulau Pinang, Kuala Lumpur, and Johor.
description	Retirement planning behaviour is a crucial practice for retirement savings to safeguard one’s post-retirement life quality. This study focuses on assessing the influence of inadequate retirement planning behaviour on retirement savings. Therefore, the study investigates the relationship between retirement planning behaviour and factors, including family education, financial literacy, and goal clarity in the context of working adults in the private sector since they do not have any pension schemes but merely EPF contributions. As a result, this study is particularly centered on working adults employed in the private sector, who have been more vulnerable and mostly affected among the working population. A total of 411 surveys had been gathered from regions, including Kuala Lumpur, Pulau Pinang, and Johor. Subsequently, Statistical Package for the Social Sciences (SPSS) version 27.0 was employed for data analysis. Several tests were performed, such as reliability test, consistency test as well as multiple linear regression analysis. The results of the data analysis showed that financial literacy and goal clarity had significant influences on retirement planning behaviour. However, family education is reported to be insignificantly related to retirement planning behaviour. Thus, the implications are recommended to all relevant institutions with the purpose of promoting education among individuals to enhance their retirement planning behaviour.
format	Final Year Project / Dissertation / Thesis
author	Chong, Heng Xu Chow, Whye Shing Divya Sri, K. Vasu
author_facet	Chong, Heng Xu Chow, Whye Shing Divya Sri, K. Vasu
author_sort	Chong, Heng Xu
title	Factors affecting retirement planning behaviour among working adults in the private sector: the case of Pulau Pinang, Kuala Lumpur, and Johor.
title_short	Factors affecting retirement planning behaviour among working adults in the private sector: the case of Pulau Pinang, Kuala Lumpur, and Johor.
title_full	Factors affecting retirement planning behaviour among working adults in the private sector: the case of Pulau Pinang, Kuala Lumpur, and Johor.
title_fullStr	Factors affecting retirement planning behaviour among working adults in the private sector: the case of Pulau Pinang, Kuala Lumpur, and Johor.
title_full_unstemmed	Factors affecting retirement planning behaviour among working adults in the private sector: the case of Pulau Pinang, Kuala Lumpur, and Johor.
title_sort	factors affecting retirement planning behaviour among working adults in the private sector: the case of pulau pinang, kuala lumpur, and johor.
publishDate	2023
url	http://eprints.utar.edu.my/6066/1/fyp_FE_2023_CHX.pdf http://eprints.utar.edu.my/6066/
_version_	1787140955573321728
score	13.211869

Factors affecting retirement planning behaviour among working adults in the private sector: the case of Pulau Pinang, Kuala Lumpur, and Johor.

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