Jove
Visualize
Contact Us
JoVE
x logofacebook logolinkedin logoyoutube logo
ABOUT JoVE
OverviewLeadershipBlogJoVE Help Center
AUTHORS
Publishing ProcessEditorial BoardScope & PoliciesPeer ReviewFAQSubmit
LIBRARIANS
TestimonialsSubscriptionsAccessResourcesLibrary Advisory BoardFAQ
RESEARCH
JoVE JournalMethods CollectionsJoVE Encyclopedia of ExperimentsArchive
EDUCATION
JoVE CoreJoVE BusinessJoVE Science EducationJoVE Lab ManualFaculty Resource CenterFaculty Site
Terms & Conditions of Use
Privacy Policy
Policies

Related Experiment Videos

Retirement financial preparation:implications for policy.

Leslie A Morgan1, J Kevin Eckert

  • 1Department of Sociology & Anthropology, University of Maryland Baltimore County, 21250, USA. lmorgan@umbc.edu

Journal of Aging & Social Policy
|May 19, 2004
PubMed
Summary

Baby Boomers are not adequately preparing for retirement. Key factors influencing retirement planning behavior include gathering information and negative attitudes toward planning, alongside demographics like education and income.

Related Concept Videos

You might also read

Related Articles

Articles linked to this work by shared authors, journal, and citation graph.

Sort by
Same author

"How I Can Help Me": Self-Care Priorities and Structural Pressures Among Black Older Adults With Diabetes.

The Gerontologist·2021
Same author

The Telemedicine for Patients With Inflammatory Bowel Disease (TELE-IBD) Clinical Trial: Qualitative Assessment of Participants' Perceptions.

Journal of medical Internet research·2019
Same author

Ascribed Meaning of Disease Control: Perspectives of Patients With Type 2 Diabetes.

Journal of patient experience·2018
Same author

Mental Illness in Assisted Living: Challenges for Quality of Life and Care.

Journal of housing for the elderly·2016
Same author

Microaggressions: An Approach to Understanding the Health of Workers in Long-Term Care Settings.

Journal of the American Geriatrics Society·2016
Same author

Successful Aging Among African American Older Adults With Type 2 Diabetes.

The journals of gerontology. Series B, Psychological sciences and social sciences·2016

Area of Science:

  • Gerontology
  • Retirement Planning
  • Behavioral Economics

Background:

  • Financial preparation for retirement is crucial for future well-being.
  • Existing research indicates Baby Boomers exhibit insufficient retirement preparation.
  • Understanding the factors influencing this behavior is essential for developing targeted interventions.

Purpose of the Study:

  • To identify key correlates of retirement financial preparation among Baby Boomers.
  • To examine the influence of demographic variables on retirement planning behaviors.

Main Methods:

  • Cross-sectional study of 1508 community-dwelling adults aged 40-70.
  • Bivariate and multivariate analyses were employed to assess associations between correlates, demographics, and preparation steps.

Related Experiment Videos

  • Key variables included information gathering, locus of control, self-definition as planner, financial worries, and attitudes toward planning.

    • Main Results:

    • Most respondents had undertaken some retirement preparation steps, with few reporting negative attitudes.
    • Bivariate analyses revealed associations between several correlates and demographic variables with preparation.
    • Multivariate analyses identified information gathering, negative planning attitudes, race/ethnicity, education, income, health, and age as significant predictors of planning behavior.

    Conclusions:

    • Retirement planning behavior is influenced by a combination of psychological, attitudinal, and demographic factors.
    • Interventions should focus on promoting information gathering and addressing negative attitudes towards financial planning.
    • Targeted strategies considering demographic differences are necessary to improve retirement preparedness among Baby Boomers.