Predictors of financial satisfaction: Differences between retirees and non-retirees
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Date
1998
Authors
Mugenda, Olive M.
Hira, T. K.
Journal Title
Journal ISSN
Volume Title
Publisher
Association for Financial Counseling and Planning Education
Abstract
The main purpose of this study was to identify differences in factors that predict financial satisfaction among retirees and non-retirees and to ascertain how retirees and non-retirees differ in financial beliefs and behavior. Non-retirees were more likely than otherwise similar retirees to report worrying about finances. A higher proportion of non-retirees reported dissatisfaction with various aspects of their financial situation. However, non-retirees were more likely to perceive themselves as financially better off in comparison to others, or in relation to the past, than the retired respondents. Non-retirees were more optimistic about their future financial situation.
Description
Keywords
Financial situation, Retirees, Satisfaction
Citation
Financial Counseling and Planning, Volume 9(2), 1998