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 language | English |
|---|---|
| Title of host publication | The Global Business and Technology Association |
| Subtitle of host publication | Reconstructing Global Markets: Challenges Policies and Strategies |
| Editors | N. Delener, Christina Schweikert |
| Place of Publication | United States |
| Publisher | Global Business and Technology Association |
| Pages | 203-209 |
| Number of pages | 7 |
| ISBN (Electronic) | 1932917179 |
| Publication status | Published - 14 Jul 2021 |
| Event | Virtual 22nd Annual International Conference of the Global Business and Technology - Virtual online, United States Duration: 14 Jul 2021 → 16 Jul 2021 https://gbata.org/conference/ |
Conference
| Conference | Virtual 22nd Annual International Conference of the Global Business and Technology |
|---|---|
| Abbreviated title | GBATA 2021 |
| Country/Territory | United States |
| Period | 14/07/21 → 16/07/21 |
| Internet address |