Women's Perceptions of Retirement

Sheppard, Francine Hebert; Stanford, Deb

doi:10.3928/00989134-20190221-01

Cited by 4 publications

(2 citation statements)

References 23 publications

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“…In the last 5 years there have been a number of important academic studies about retirement from Australia, Europe, the UK and US, which have covered a wide range of themes, including some that we are interested in exploring further in this paper. For example: the motivations for retiring (Du Prel et al 2019); making plans and preparing for retirement (Denier et al 2017;Earl et al 2015;Hall and Keohane 2016;Heraty and McCarthy 2015;Moffatt and Heaven 2017;Principi et al 2018;Schmidt-Hertha and Rees 2017;Vickerstaff and Cox 2005); expectations of retirement (Beier et al 2018;Smeaton et al 2017;Solem et al 2016); women's perceptions of retirement (Sheppard and Stanford 2019;Sherry et al 2017); retirement transitions for baby boomers (Gettings 2018;Genoe et al 2018;Kojola and Moen 2016); the timing of retirement (Steiber and Kohli 2017), including the impact of poor health, physical limitations and cognitive capability (Stafford et al 2017); the relationship between retirement and poor educational qualifications (Foster 2018;König et al 2019); the relationship between retirement and the lack of pension income (Foster 2018; Nolan and Barrett 2019); and the influence of work history, occupation and unemployment on retirement across the life course (Dingemans and Mohring 2019;Leinonen et al 2018;Ponomarenko et al 2019).…”

Section: Literature Reviewmentioning

confidence: 99%

Approaching Retirement After a Working Life in Poverty

et al. 2020

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This paper uses a life course perspective to explore and understand how an individual’s experiences over their lifetime contribute to the formation of a growing consciousness about their impending retirement. The fieldwork took place in 2016 and was part of a wider mixed methods study about retirement in the UK, which used data from the 1958 birth cohort study (also known as the National Child Development Study). The paper focuses on the qualitative dimension of the study and uses in-depth case studies of four people approaching 60 to consider, in particular, the effects of health, financial resources and employment history on their views on retiring, including the anticipated timing of their exit from the labour market. All four were purposively chosen because they had experienced low pay or poverty during their lifetime and were employed in relatively low paid jobs. State Pension Ages (SPAs) are on the rise in many countries, including the UK, and the authors maintain that it is important to study the working poor, who, even though are more likely to continue working until SPA, are more prone to suffer from poor health, and less likely to be able to put savings aside for their retirement.

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Section: Literature Reviewmentioning

confidence: 99%

Approaching Retirement After a Working Life in Poverty

et al. 2020

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“…However, studies indicate that individuals are reaching the retirement stage with little or no money, due to the accumulation of debts related to the financial exploitation of family members (Phelan et al, 2021) or inadequate investments made during adulthood (Alexandrova & Markov, 2020;Lusardi & Mitchell, 2007;Sheppard & Stanford, 2019). In this context, a large part of the income that will be available in retirement is related to social security, especially in developing countries, where the family budget depends, for several families, on the benefit received by this elderly person (Lusardi & Mitchell, 2007;Melo et al, 2017).…”

Section: Introductionmentioning

confidence: 99%

Perception of Financial Well-Being of the Elderly and the Role of Propensity to Indebtedness and Financial Preparation for Retirement

2023

RHSS

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This study aimed to check the impact of financial preparation for retirement and the propensity to indebtedness on the perception of financial well-being in the elderly. A survey-type research was carried out with 885 individuals aged 60 years or older, living in Brazil, regardless of whether they are retired or not. Confirmatory factor analysis and structural equation modelling were used. The results indicated that the construct propensity to indebtedness has a negative impact on financial preparation for retirement and on the perception of financial well-being. The elderly are approaching retirement with a savings deficit and are heavily dependent on income from social security programs to support their families. Furthermore, the positive impact of financial preparation for retirement on the perceived financial well-being was found. Such findings highlight the importance of regulations that deal with the limit of credit supply and that prioritize the requirement of transparency of financial institutions in the disclosure to the less enlightened public. Therefore, it is essential to develop public policies to control indebtedness and incentives for financial preparation for retirement for the elderly in order to achieve better levels of Financial Well-being.

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