Materialism, Religiosity, and Financial Stress as Predictors of Retirement Planning
Payne, Scott H.; Dew, Jeffrey P.; Yorgason, Jeremy
Abstract
Since 1978 the number of individuals covered by defined-benefit plans has been cut in half (presently 21%), and personal savings as a percentage of disposable income has also declined from 8.9% in 1978 to 4.3% in 2009. These changes are impacting financial stability during retirement. The purpose of this study was to examine the impact materialism, religiosity, and financial stress have on retirement planning.
This paper has been withdrawn.