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Full-Text Articles in Social and Behavioral Sciences
Financial Literacy And Retirement Preparedness In Sri Lanka: Evidence From The Private Sector Employees, Tiyani Lakshmi Rodrigo
Financial Literacy And Retirement Preparedness In Sri Lanka: Evidence From The Private Sector Employees, Tiyani Lakshmi Rodrigo
Theses and Dissertations--Family Sciences
The South Asian country of Sri Lanka has a rapidly aging population, but little attention has been paid to individuals and families' financial preparedness for retirement. This study aims to overview the current system of retirement preparedness in Sri Lanka, and to examine financial and pension literacy's role on the retirement preparedness. Specifically, this study evaluated three domains of retirement preparedness: planning for retirement and perceived retirement income adequacy (subjective measures, n = 142), and wealth accumulation (objective measure, n = 115). Results show that (1) financial literacy had a positive and statistically significant association with retirement preparedness (only with …
Mortgage Loans And Financial Security Among Middle-Aged And Older Americans, Qun Zhang
Mortgage Loans And Financial Security Among Middle-Aged And Older Americans, Qun Zhang
Theses and Dissertations--Family Sciences
Mortgage loan debt is prevalent among middle-aged and older Americans. With higher average outstanding balances, many people are unlikely to pay off their mortgage debt by retirement. Meanwhile, as people age, health shocks are more likely to occur. Medical expenses may compete with mortgage payments and relate to financial insecurity in later years. In order to alleviate financial strain during times of financial hardship, senior homeowners may find reverse mortgage the solution they are looking for. Targeting American adults age 50 and older, this dissertation investigates mortgage loan debt and financial security using panel data from the Health and Retirement …