Financial literacy of young adults and preparation for retirement

Sultangaziev Aidin (2023) Financial literacy of young adults and preparation for retirement. Külkereskedelmi Kar.

	PDF Thesis work.pdf Hozzáférés joga: Csak nyilvántartásba vett egyetemi IP címekről nyitható meg Download (657kB)
	PDF Aidin Sultangaziev - Thesis Review 2023 - Sandor Preszter.pdf Hozzáférés joga: Bizalmas dokumentum (bírálat) Download (78kB)
	PDF Aidin Sultangaziev.pdf Hozzáférés joga: Bizalmas dokumentum (bírálat) Download (104kB)

Absztrakt (kivonat)

The significance offinancial security and planning for retirement has become more critical,creating concerns among young individuals. This research study aims to bridgethe gaps in the financial literacy education provided to them. Its purpose isto examine how financial proficiency impacts the ability of younger adults toprepare themselves for their retirement. The study delves into exploringcorrelations between demographic characteristics and levels of financialknowledge in these groups while investigating both intervention programs'effectiveness that enhance understanding about finances as well as the roleplayed by fintech innovations in cultivating this important life skill withinits audience. Several objectives underpin our investigations: first, assessinghow knowledgeable young people are when it comes down specifically bankingterminology or investment concepts such as compounding interest rates; nextanalyzing which factors tend towards impacting their expertise with moneymatters - social demographics being one prime example here; finally researchingwhether possessing a certain level of fiscal know-how correlates directly withbetter preparatory work regarding retirement age and lifestyle choices later ondown-the-line once seasoned professionals come closer yet again! The studyhighlights that age range, level of education attained, and employment statushave a significant impact on financial literacy. The research suggests thatthere is a link between financial knowledge and preparedness forpost-retirement years among participants surveyed. Educational attainment wasidentified as the strongest predictor of financial literacy followed by agerange while employment status and gender having no correlations with goodlevels of financial literacy. Savings plan(s), familiarity with pension schemesor budgeting skills showed weak connections to higher levels of financialintelligence amongst survey participants.Furtherresearch is vital in comprehending the factors that affect an individual's financialliteracy to enhance financial education programs and efficient moneymanagement, especially for retirement readiness. The impact of social networkson personal finance competency deserves more exploration to assess itssignificance fully. These unexplored domains underscore gaps in knowledgerequiring further investigation. This study holds importance as it providesinsights necessary for formulating policies and interventions aimed atimproving young adults' financial wellness and reducing retirement insecurityby creating tailored educational initiatives relevant to their needs.

Intézmény

Budapesti Gazdasági Egyetem

Kar

Külkereskedelmi Kar

Tanszék

Nemzetközi Kereskedelem és Logisztika Tanszék

Tudományterület/tudományág

NEM RÉSZLETEZETT

Szak

Nemzetközi gazdálkodás

Mű típusa:	diplomadolgozat (NEM RÉSZLETEZETT)
Kulcsszavak:	financial education, financial literacy, financial literacy interventions, Retirement planning, savings
SWORD Depositor:	Archive User
Felhasználói azonosító szám (ID):	Archive User
Rekord készítés dátuma:	2023. Szep. 07. 14:35
Utolsó módosítás:	2023. Szep. 07. 14:35

Actions (login required)

Tétel nézet