The Impacts of Saving Habits on the Retirement Savings and Retirement Well-Being

The Impacts of Saving Habits on the Retirement Savings and Retirement Well-Being

This research study covers a mixed method with the aim to examine habits that instigate the tendency of society to save and society’s pre-retirement well-being. The issue matter of low personal rates that has been observed and reviewed across the globe over the years have triggered the interest of...

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Main Author: Suzie, Adee
Format: Thesis
Language:English
English
Published: 2023
Subjects:
H Social Sciences (General)
HB Economic Theory
Online Access:http://ir.unimas.my/id/eprint/43204/3/Suzie%20Adee_dsva.pdf
http://ir.unimas.my/id/eprint/43204/11/Suzie%20ft.pdf
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institution Universiti Malaysia Sarawak
collection UNIMAS Institutional Repository
language English
English
topic H Social Sciences (General)
HB Economic Theory
H Social Sciences (General)
spellingShingle H Social Sciences (General)
HB Economic Theory
H Social Sciences (General)
Suzie, Adee
The Impacts of Saving Habits on the Retirement Savings and Retirement Well-Being
description This research study covers a mixed method with the aim to examine habits that instigate the tendency of society to save and society’s pre-retirement well-being. The issue matter of low personal rates that has been observed and reviewed across the globe over the years have triggered the interest of this research been conducted. Inspired by the aforementioned phenomena, this research is conducted with three (3) main objectives. Firstly, the research attempts to identify the elements that contribute to the generalisation of society’s saving habits, by analysing society’s socio-demographic and behavioural elements that influence their habits to save. Secondly, the research pursues to determine the elements that impact the society’s tendency to save. Thirdly, the research aims to evaluate the elements that impact the pre-retirement well-being that the societies save in, by analysing their happiness, prosperity, good health, comfort and security. The Partial Least Squares Structural Equation Modeling (PLS-SEM) using SMART-PLS is selected to execute the statistical analysis of relationships under the research investigation. The outcome of the research study analysis revealed financial literacy, savings habits, financial risk tolerance, future time perspective, retirement saving and retirement well-being appeared as significant and meaningful (close correlations) and hence supported the decision of the outcomes via the active participation of the research study survey.
format Thesis
qualification_name Doctor of Philosophy (PhD.)
qualification_level Doctorate
author Suzie, Adee
author_facet Suzie, Adee
author_sort Suzie, Adee
title The Impacts of Saving Habits on the Retirement Savings and Retirement Well-Being
title_short The Impacts of Saving Habits on the Retirement Savings and Retirement Well-Being
title_full The Impacts of Saving Habits on the Retirement Savings and Retirement Well-Being
title_fullStr The Impacts of Saving Habits on the Retirement Savings and Retirement Well-Being
title_full_unstemmed The Impacts of Saving Habits on the Retirement Savings and Retirement Well-Being
title_sort impacts of saving habits on the retirement savings and retirement well-being
granting_institution Universiti Malaysia Sarawak
granting_department Faculty of Economics and Business
publishDate 2023
url http://ir.unimas.my/id/eprint/43204/3/Suzie%20Adee_dsva.pdf
http://ir.unimas.my/id/eprint/43204/11/Suzie%20ft.pdf
_version_ 1804888425961095168
spelling my-unimas-ir.432042024-07-10T08:32:53Z The Impacts of Saving Habits on the Retirement Savings and Retirement Well-Being 2023-10-24 Suzie, Adee H Social Sciences (General) HB Economic Theory HT Communities. Classes. Races This research study covers a mixed method with the aim to examine habits that instigate the tendency of society to save and society’s pre-retirement well-being. The issue matter of low personal rates that has been observed and reviewed across the globe over the years have triggered the interest of this research been conducted. Inspired by the aforementioned phenomena, this research is conducted with three (3) main objectives. Firstly, the research attempts to identify the elements that contribute to the generalisation of society’s saving habits, by analysing society’s socio-demographic and behavioural elements that influence their habits to save. Secondly, the research pursues to determine the elements that impact the society’s tendency to save. Thirdly, the research aims to evaluate the elements that impact the pre-retirement well-being that the societies save in, by analysing their happiness, prosperity, good health, comfort and security. The Partial Least Squares Structural Equation Modeling (PLS-SEM) using SMART-PLS is selected to execute the statistical analysis of relationships under the research investigation. The outcome of the research study analysis revealed financial literacy, savings habits, financial risk tolerance, future time perspective, retirement saving and retirement well-being appeared as significant and meaningful (close correlations) and hence supported the decision of the outcomes via the active participation of the research study survey. - 2023-10 Thesis http://ir.unimas.my/id/eprint/43204/ http://ir.unimas.my/id/eprint/43204/3/Suzie%20Adee_dsva.pdf text en staffonly http://ir.unimas.my/id/eprint/43204/11/Suzie%20ft.pdf text en validuser phd doctoral Universiti Malaysia Sarawak Faculty of Economics and Business Aaronson, L. (2007). The social animal (9th ed.). McGraw-Hill. Abdul Hamid, T. A. T. (2015). Population aging in Malaysia: A mosaic of issues, challenges and prospects. UPM University Press: Serdang (Malaysia). Abel, A. B. (1985). Precautionary saving and accidental bequests. The American Economic Review, 75(4), 777-791. Adee, S., & Lau, E. (2022). 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