Materialism, Religiosity, and Financial Stress as Predictors of Retirement Planning
Payne, Scott H.; Dew, Jeffrey P.; Yorgason, Jeremy
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.