Influence of Retirement Preparation on Happiness in Retirement: a case of Nyeri County, Kenya

Abstract

Retirement has many financial, health and emotional effects. In many developing countries, older people are the poorest members of society. This study aimed at assessing how preretirement preparation influences retirement happiness in Kenya, with a view to making appropriate recommendations to improve the quality of life during retirement. The study was conducted in Nyeri County, Kenya using randomly selected retirees. Data was collected using questionnaires analyzed using the Statistical Package for Social Sciences (SPSS). The study found that; age, gender, marital status, parents’ socio-economic status, availability of retirement information, monthly income, retirement planning and the availability of reliable social support systems significantly influenced retirement happiness. To prepare for a happy retirement therefore, this study recommends that all employees be provided with retirement planning information and counselling on how to cope with post-retirement social, physiological and financial challenges