Centre for Policy on Ageing



Retirement financial preparation — implications for policy
Author(s)	Leslie A Morgan, J Kevin Eckert
Journal title	Journal of Aging & Social Policy, vol 16, no 2, 2004
Pages	pp 19-34
Source	http://www.tandfonline.com
Keywords	Financial services [older people] ; Attitude ; Preparation [retirement] ; United States of America.
Annotation	Financial preparation for retirement is key to positive outcomes for future cohorts. Studies suggest that insufficient preparation is occurring among Baby Boomers. Data from 1,508 community-dwelling adults aged 40-70 show that most respondents had taken four specific preparation steps, and few reported negative attitudes toward planning. Five correlates (gathering information, locus of control, self-definition as household planner, financial worries, and negative attitudes) and demographic variables tested in bivariate analyses showed most having associations with preparation. In multivariate analyses, however, only two correlates (gathering information and negative planning attitudes) and demographics (race/ethnicity, education, income, health, age and education) explained planning behaviour. (KJ/RH).
Accession Number	CPA-040928202 A
Classmark	J: DP: GA: 7T
Data © Centre for Policy on Ageing

...from the Ageinfo database published by Centre for Policy on Ageing.