Parents' Influence on Retirement Planning in Malaysia

Kimiyaghalam, Fatemeh; Mansori, Shaheen; Safari, Meysam; Yap, S.J.

doi:10.1111/fcsr.12203

Cited by 17 publications

(19 citation statements)

References 45 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…However, Filipiak and Walle, (2015reported marital status to be an insignificant predictor of financial literacy. Finally, in the context of race in Malaysia, Kimiyaghalam et al (2017) found Chinese have more level of financial literacy followed by Malay among the three ethnic groups. Similarly, Au and Tan (2018) found that there is an association between financial literacy with ethnic group in Malaysia.…”

Section: Socio-demographic Factorsmentioning

confidence: 89%

Financial Literacy Among Sme’s in Malaysia

Thabet

Ali

Kantakji

2019

HSSR

View full text Add to dashboard Cite

Purpose of Study: The objective of this study is to investigate the financial literacy among the SMEs in food and beverage sectors in Malaysia. Methodology: Small and Medium Enterprises (SMEs) play an important role in countries’ economic growth. However, the failure rate among SMEs getting higher. The literature stipulated that the lack of financial literacy is one of the main reasons caused this failure. Results: The results of 122 returned questionnaires shows that the socio-demographic factors such as age and marital status have influenced SME’s financial literacy. Moreover, the financial attitude and financial behavior found to be positively related to the financial literacy among the SMEs.

show abstract

Section: Socio-demographic Factorsmentioning

confidence: 89%

Financial Literacy Among Sme’s in Malaysia

Thabet

Ali

Kantakji

2019

HSSR

View full text Add to dashboard Cite

show abstract

“…Next, path coefficient results indicated that retirement planning has a significant positive relationship on retirement village buying intention, which suggested that strategic retirement planning will increase the likelihood of buying a retirement village unit. Planning and saving in advance of retirement will assist the elderly to enjoy a comfortable living during their old ages (Kimiyaghalam et al, 2017).…”

Section: Discussionmentioning

confidence: 99%

To Retire or not to Retire: Intention towards Concept of Retirement Village in Malaysia

Lim¹,

Ng²,

Basha³

2019

AJBR

View full text Add to dashboard Cite

The aging population has become a global phenomenon, posing as a major societal issue, especially in developing countries. The retirement village concept has emerged as a reliable option to suit the retirement lifestyle of the elderly. The present study aims to explore the perceptions of Malaysians' buying intentions of retirement village units in Malaysia. Utilizing a quantitative approach, a total of 261 usable questionnaires were collected via self-administrated method and subsequently analyzed using PLS-SEM. Perceived risk, communicability, retirement planning, and social sustainability were found significant in influencing retirement village buying intention. The research findings have implications for both developers and academicians when embarking on retirement village project developments in Malaysia.

show abstract

“…In addition, being unprepared for retirement is another pain of this segment because young people think it is too early to plan for retirement. Consequently, individuals who lack retirement preparedness are more likely to have retirement unreadiness (Kimiyaghalam et al 2017). "I'm not prepared for retirement yet because I think it's too soon.…”

Section: Interviewee Intervieweementioning

confidence: 99%

Towards Sustainable Retirement Planning of Wageworkers in Thailand: A Qualitative Approach in Behavioral Segmentation and Financial Pain Point Identification

Ketkaew

Wouwe

Jorissen

et al. 2022

Risks

View full text Add to dashboard Cite

Thailand recently reached “aged” society status, signifying that over twenty percent of the population is over sixty. Considering that Thailand has a low literacy rate, a fractured pension system, and no regulations that could provide sufficient income to cover basic needs after retirement, there will be economic repercussions if the situation is not handled soon. The government and financial institutions have been encouraging Thai citizens to prepare retirement plans but lack understanding of the root causes of being unprepared for retirement. The objectives of this qualitative research were to explore the behavior, knowledge, and preparedness towards retirement in governmental and private wageworkers. Moreover, the study aims to identify the pain points of being unprepared for retirement and deliver the optimal solutions and sustainable retirement plans suitable for each segment. This article employed a sample of 46 wageworkers in Khon Kaen, Thailand with ages ranging from 20 to 59 years old. Qualitative semi-structured in-depth interviews and qualitative content analysis were conducted with the respondents asking about their income, expenses, pains, and problems towards saving for retirement, their desired outcome after they retire, and how they would achieve it. The framework used for the in-depth qualitative interview was by utilizing the customer, problem, and solution zoom tool. The research contributions were to facilitate Thai citizens being ready for retirement stages and overcome post-retirement risks sustainably. The results revealed that the sample could be divided into four segments by their characteristics. Two low-income segments share the same traits and behaviors that can prove that financial literacy plays an essential role in retirement readiness. Lower-income wage workers do not have their money put in place to prepare for retirement. Additionally, this article discussed the study’s implications for wageworkers, employers, and the Thai government. This article recommended that Thai citizens should accumulate wealth in various ways, including investment in financial assets and earning additional income from a second job. Employers should provide suitable retirement contribution schemes. The government should launch a policy enabling above-60-year-old seniors to continue working.

show abstract

Parents' Influence on Retirement Planning in Malaysia

Cited by 17 publications

References 45 publications

Financial Literacy Among Sme’s in Malaysia

Financial Literacy Among Sme’s in Malaysia

To Retire or not to Retire: Intention towards Concept of Retirement Village in Malaysia

Towards Sustainable Retirement Planning of Wageworkers in Thailand: A Qualitative Approach in Behavioral Segmentation and Financial Pain Point Identification

Contact Info

Product

Resources

About