An Assessment of Perceived Versus Actual Retirement Literacy

Research output: A Conference proceeding or a Chapter in BookConference contributionpeer-review

Abstract

Numerous studies have documented the financially literacy of South Africans, but little is known about individuals’ retirement literacy. This research empirically investigated individuals’ perceived retirement literacy, where the respondents' self-assessed their retirement knowledge, retirement skills, retirement confidence, retirement planning intentions, and retirement behaviour. A retirement literacy test was also applied to measure the respondents’ actual retirement literacy. Based on the results of the retirement literacy test, 59% of the respondents failed the test. Recommendations are presented on improving individuals’ levels of retirement education, as the application of these strategies may lead to fewer individuals reaching retirement destitute.
Original languageEnglish
Title of host publicationThe Global Business and Technology Association
Subtitle of host publicationReconstructing Global Markets: Challenges Policies and Strategies
EditorsN. Delener, Christina Schweikert
Place of PublicationUnited States
Publisher Global Business and Technology Association
Pages203-209
Number of pages7
ISBN (Electronic)1932917179
Publication statusPublished - 14 Jul 2021
EventVirtual 22nd Annual International Conference of the Global Business and Technology - Virtual online, United States
Duration: 14 Jul 202116 Jul 2021
https://gbata.org/conference/

Conference

ConferenceVirtual 22nd Annual International Conference of the Global Business and Technology
Abbreviated titleGBATA 2021
CountryUnited States
Period14/07/2116/07/21
Internet address

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