Mediating factors in retirement savings and well-being: a focused study on Sarawak
This study aims to examine the factors that influence societal savings habits and preretirement 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 specifica...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Informa UK Limited, trading as Taylor & Francis Group
2024
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| Subjects: | |
| Online Access: | http://ir.unimas.my/id/eprint/46915/1/Mediating%20factors.pdf http://ir.unimas.my/id/eprint/46915/ https://www.tandfonline.com/doi/full/10.1080/23322039.2024.2422217 https://doi.org/10.1080/23322039.2024.2422217 |
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| Summary: | This study aims to examine the factors that influence societal savings habits and preretirement 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 |
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