Skint: Retirement? Financial Hardship and Retirement Planning Behaviors

dc.contributor.authorFan, Lu
dc.contributor.authorStebbins, Richard
dc.contributor.authorKim, Kyoung Tae
dc.contributor.otherUniversity of Missouri Columbia
dc.contributor.otherUniversity of Alabama Tuscaloosa
dc.date.accessioned2023-09-28T19:32:03Z
dc.date.available2023-09-28T19:32:03Z
dc.date.issued2022
dc.description.abstractThis study used data from the 2018 National Financial Capability Study to investigate the association between financial hardship and retirement planning behaviors. Results from logistic regressions showed that respondents with high difficulty making ends meet were more likely to calculate retirement needs and more likely to own a non-employer sponsored retirement plan. The perceived over-indebtedness was positively associated with owning an employer-sponsored account while negatively associated with owning a non-employer-sponsored account. Financial fragility was associated with a lower likelihood of calculating retirement needs and having a retirement account. The results of additional generational analyses revealed that the difficulty making ends meet and the perceived over-indebtedness showed different patterns with retirement planning behavior across three generations. In contrast, financial fragility showed consistent and negative associations with the retirement planning behaviors across generations.en_US
dc.format.mediumelectronic
dc.format.mimetypeapplication/pdf
dc.identifier.citationFan, L., Stebbins, R., & Kim, K. T. (2021). Skint: Retirement? Financial Hardship and Retirement Planning Behaviors. In Journal of Family and Economic Issues (Vol. 43, Issue 2, pp. 354–367). Springer Science and Business Media LLC. https://doi.org/10.1007/s10834-021-09779-z
dc.identifier.doi10.1007/s10834-021-09779-z
dc.identifier.orcidhttps://orcid.org/0000-0002-0673-721X
dc.identifier.urihttps://ir.ua.edu/handle/123456789/11396
dc.languageEnglish
dc.language.isoen_US
dc.publisherSpringer
dc.subjectRetirement planning
dc.subjectFinancial hardship
dc.subjectRetirement saving
dc.subjectFinancial fragility
dc.subjectFinancial knowledge
dc.subjectECONOMIC HARDSHIP
dc.subjectHEALTH
dc.subjectLITERACY
dc.subjectWEALTH
dc.subjectEconomics
dc.subjectFamily Studies
dc.titleSkint: Retirement? Financial Hardship and Retirement Planning Behaviorsen_US
dc.typeArticle
dc.typetext
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