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Using Balanced Time Perspective to Explain Well-Being and Planning in Retirement
Anna Mooney1, Joanne K Earl1, Carl H Mooney2
1Flinders Business School, Flinders University, Adelaide, SA, Australia.
Understanding time perspective is key to well-being. This study found that a deviation from balanced time perspective (DBTP) in older adults negatively impacts retirement planning and mood, while increasing stress and anxiety.
Area of Science:
- Psychology
- Behavioral Science
- Gerontology
Background:
- Time Perspective (TP) influences behavior and is conceptualized as balanced or unbalanced.
- Balanced TP involves flexible focus on positive past, present, and future orientations.
- Deviation from Balanced Time Perspective (DBTP) may impact adult well-being.
Purpose of the Study:
- To measure DBTP in mature adults.
- To explore the relationship between DBTP and retirement planning, mood, and psychological distress.
- To investigate DBTP's unique contribution to these outcomes.
Main Methods:
- A sample of 243 adults aged 45-91 years was assessed.
- Deviation from Balanced Time Perspective (DBTP) was measured using a validated scale.
- Relationships between DBTP and retirement planning, depression, anxiety, stress, and mood were analyzed, controlling for demographics.
Main Results:
- DBTP explained significant variance in outcome measures beyond demographic factors.
- Higher DBTP was associated with poorer retirement planning and lower positive mood.
- Increased DBTP correlated with higher levels of depression, anxiety, stress, and negative mood.
Conclusions:
- DBTP is a significant factor in mature adults' psychological well-being and life planning.
- Interventions promoting balanced time perspective may enhance retirement readiness and emotional health.
- Findings highlight the practical implications of temporal focus for adult development and mental health.
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