scholarly journals Consumer Financial Knowledge and Retirement Planning Behaviors

2021 ◽  
pp. 109-123
Author(s):  
Fuzhong Chen ◽  
Zijun Sun
Keyword(s):  
Population Aging ◽  
Financial Education ◽  
The Elderly ◽  
Retirement Planning ◽  
Financial Knowledge ◽  
Education Programs ◽  
Financial Capability ◽  
Retirement Accounts ◽  
The World ◽  
High Level

With the increasingly serious problem of population aging around the world, the issue of consumer retirement planning behaviors has been highlighted in recent years. The purpose of this study is to investigate the effect of consumer financial knowledge on retirement planning behaviors. Utilizing the data from the National Financial Capability Study in 2009, 2012, 2015, and 2018, this study measures consumer retirement planning behavior through the variables of whether consumers have retirement accounts and whether they regularly contribute to their retirement account. To verify the robustness, a series of additional regressions are conducted by replacing the estimation approach and dropping income outliers. The results imply that consumers with a high level of financial knowledge tend to perform desirable retirement behaviors. Based on the results, we recommend that financial education programs should be widely introduced and targeted at those who lack financial knowledge, such as the elderly and the under-educated, to stimulate consumers to improve their retirement planning behaviors.

scholarly journals Education, Financial Knowledge and Consumer Confidence in Financial Goals: Evidence from the 2018 US National Financial Capability Study

2020 ◽  
pp. 9-21
Author(s):  
Fuzhong Chen ◽  
Ziteng Han ◽  
Qingyang Ma
Keyword(s):  
Higher Education ◽  
Financial Support ◽  
Financial Education ◽  
Financial Knowledge ◽  
Consumer Confidence ◽  
Education Programs ◽  
Financial Capability ◽  
Ordered Logistic Regression ◽  
Education Levels ◽  
Robustness Check

Consumer confidence in financial goals is the degree of trust expressed by consumers through the activities of setting financial goals and subsequent realization. Utilizing data from the 2018 US National Financial Capability Study, in terms of the data characteristics of the dependent variable, this study utilizes the method of ordered logistic regression to explore the roles of education and financial knowledge in consumer confidence in financial goals. Moreover, this study also performs a robustness check, which suggests unchanged results. The results indicate that both education and financial knowledge positively contribute to consumer confidence in financial goals and consumers both with higher education levels and financial knowledge will be more confident in financial goals. Thus, policymakers are recommended to provide financial support for education and focus on mechanisms of improving financial knowledge through financial education programs and financial related courses.

Orthopaedic Surgery Resident Financial Literacy: An Assessment of Knowledge in Debt, Investment, and Retirement Savings

2019 ◽  
Vol 85 (4) ◽  
pp. 353-358 ◽  
Author(s):  
John D. Jennings ◽  
Courtney Quinn ◽  
Justin A. Ly ◽  
Saqib Rehman
Keyword(s):  
United States ◽  
Orthopedic Surgery ◽  
Financial Literacy ◽  
Financial Education ◽  
Retirement Planning ◽  
The United States ◽  
Financial Knowledge ◽  
Retirement Savings ◽  
Willingness To Participate ◽  
Formal Curriculum

Most orthopedic residents carry significant debt and may enter their practice with little knowledge of business management, minimal retirement savings, and overall poor financial literacy. This study aimed to gauge financial literacy, debt, and retirement planning in United States orthopedic surgery residents. Willingness to participate in formalized financial education was also assessed. Eighty-five allopathic orthopedic surgery residents in the United States completed a 14-question anonymous online survey in 2016. The survey assessed demographic data, self-assessed financial knowledge, amount of credit card debt and loans, preparation for retirement, and willingness to participate in formal didactic education on these topics. Most respondents derive their financial knowledge from personal research (51%), whereas only 4 per cent have a formal curriculum. Despite most respondents reporting more than $200,000 in outstanding loans, only 31 per cent create and stick to a budget. Few programs offer retirement advice, and 48 per cent of respondents save $0 toward retirement. Eighty-five per cent of residents expressed interest in learning about personal investment, savings, and retirement planning. Orthopedic surgery residents carry significant debt and do not achieve their high-income potential until disproportionately later in life. Only 4 per cent of residents have formal training in investing, personal finance, or retirement despite a majority who desire such a curriculum. In fact, almost 75 per cent of those surveyed felt less prepared for retirement than their peers outside of medical training. This study suggests a role for formal financial education in the orthopedic curriculum to prepare residents for retirement, improve financial literacy, and enhance debt management.

scholarly journals The problem of aging of the population as one of the most important challenges for social policy and public health.

2019 ◽  
Vol 13 (1) ◽  
pp. 8-13
Author(s):  
Andrei Shpakou ◽  
Aliaksandr Shpakau ◽  
Aleh Kuzniatsou
Keyword(s):  
Public Health ◽  
Social Policy ◽  
Population Aging ◽  
Family Doctor ◽  
Integrated Approach ◽  
The Elderly ◽  
Emergency Rooms ◽  
Care For The Elderly ◽  
Background Population ◽  
High Level

Background: Population aging is one of the most important social policy and public health challenges for the state. Increased proportions of older people is accompanied with increased negative attitudes manifested toward them, as represented by ageism, the discrimination against the elderly, contributing to their exclusion from public life. Aim of the study: To study the prevalence and characteristics of ageism manifestations in healthcare institutions in the city of Grodno (Belarus) and to consider measures to minimize it. Material and methods: 250 random urban respondents from Grodno age 60 or more not undergoing treated in healthcare institutions were anonymously questioned. Data analysis was performed using different statistical methods. Results: The majority of respondents rated geriatric, social and medical care in the country as functioning at a high level. The share of elderly people who felt age discrimination was 70 (28.0%) and was independent from the gender and age of the respondents. Clinical departments were mentioned by 24 (34.3%) of respondents as places where manifestations of ageism were seen, particularly in emergency rooms – 14 (20.0%) and family doctor offices– 17 (24.3%). In 35 (50%) of cases, the family doctor explained the symptoms of the disease by the onset of old age, which can be regarded as a manifestation of ageism. Conclusions: Training in the field of geriatrics is very important for medical professionals. Failure to take measures to ensure a holistic (integrated) approach in the treatment and care of elderly must be considered discriminatory. Particular measures should be taken to develop all types of care for the elderly, increasing the level of patient satisfaction with medical services and reducing the frequency of gerontological ageism manifestations.

International Real Estate Review

2020 ◽  
Vol 23 (4) ◽  
pp. 467-482
Author(s):  
Fathali Firoozi ◽  
◽  
Abolhassan Jalilvand ◽  
Donald Lien ◽  
Mikiko Oliver ◽  
...  
Keyword(s):  
Real Estate ◽  
Economic Impact ◽  
Population Aging ◽  
Housing Prices ◽  
The Elderly ◽  
Damping Effect ◽  
The World ◽  
Behavioral Divergence ◽  
The Impact ◽  
The U.S

Population aging and its economic impact have been receiving increasing attention in many countries around the world. This study offers an analysis of the impact of aging on the housing prices in Singapore relative to the U.S. as the benchmark. The study uses semiannual series over the period of 1998 to 2019 with the age subgroups organized in 5-year intervals. The literature contains conflicting arguments on the impacts of aging on housing prices. Based on observations made for Singapore and the U.S., this study supports the arguments that the elderly part of a population has a damping effect on housing prices. A novel behavioral divergence between Singapore and the U.S. emerges when the analysis focuses on the impact of the finer age subgroups on housing prices in the two countries. The “turning age”, which is defined as the approximate cut-off age when the impact of aging on housing prices turns from positive to negative, is approximately 55 years old in Singapore and 60 years old in the U.S.

scholarly journals Population Age Structures of Nations with COVID-19 and Attributed Deaths

2021 ◽  
Vol In Press (In Press) ◽  
Author(s):  
Ali Akbar Mahzoon ◽  
Saleh Ghasemi ◽  
Ali Dabbagh ◽  
Mohammad Akbari ◽  
Hadis Ashrafizadeh ◽  
...  
Keyword(s):  
Population Aging ◽  
Human Life ◽  
The Elderly ◽  
World Health ◽  
Age Composition ◽  
Significance Level ◽  
Community Needs ◽  
The World ◽  
Health Organization ◽  
Age Range

Background: The COVID-19 pandemic is one of the greatest challenges the world has faced during the last decades that has affected every aspect of human life. Objectives: This study aimed to identify the effects of the age composition of the countries on global mortality and the final outcome of the COVID-19 outbreak. Methods: This ecological observational study used the World Health Organization (WHO) reports for information on COVID-19 in 42 countries with more than 1000 formal COVID-19 reports. The correlation coefficient between age composition pattern and COVID-19 deaths was calculated in selected countries by SPSS. Results: This study demonstrated a positive relationship between COVID-19-attributed death and the country population share of the 50 - 64 years age group at the significance level of 90.8%. The only age range that could affect the nationwide mortality rate was the age range of 50 - 64 years. There was not a significant correlation between COVID-19-attributed death and the population share of 65 years and over. Conclusions: The young population is protective against COVID-19-related death, and they are productive and responsible for community needs during this pandemic crisis. Population aging and the increasing share of the elderly in population is one of the most critical social changes in the 21st century, and its consequences affect almost all sections of the society.

scholarly journals Articles on elderly in Serbian medical journals

2009 ◽  
Vol 137 (9-10) ◽  
pp. 534-536
Author(s):  
Nebojsa Despotovic ◽  
Dragoslav Milosevic ◽  
Predrag Erceg ◽  
Mladen Davidovic
Keyword(s):  
New England ◽  
Citation Index ◽  
Population Aging ◽  
The Elderly ◽  
Medical Problems ◽  
Medical Journals ◽  
The World ◽  
The Republic ◽  
Domestic Medical ◽  
Growing Population

Introduction Population aging is a feature of all countries in the world. According to statistics, the Republic of Serbia is one of the countries with the majority of the elderly. Taking this into account, are articles on the elderly well represented in domestic medical journals? Objective The aim of the paper was to determine whether there was a sufficient number of articles on the elderly in domestic medical journals. Methods The articles on the elderly were searched using search engines in domestic and foreign medical journals for the last 5 years compared with the number of articles on children in the same publications for the same period. Results In the Serbian Citation Index, 11 articles on the topic of the elderly, and 487 on children were registered. In Srpski arhiv za celokupno lekarstvo, there was registered only one article on the topic of the elderly, and 30 on children. In Vojnosanitetski pregled, 2 articles on the elderly and 13 on children were registered (p<0001). For the last five years, in the New England Journal of Medicine, there were 593 articles on the elderly and 759 articles on children; in the JAMA, there were 63 articles on the elderly and 303 articles on children; and in The Lancet, in the last five years, 46 articles on the elderly and 148 articles on children were published. Conclusion The themes of the elderly were rarely represented in Serbian medical journals. This has reduced the interest of physicians in medical problems of this growing population of patients and further sent them away from making standards in the diagnosis and treatment of the elderly.

scholarly journals Trends in Population Aging and Social Policy for Elderly People in Vietnam

2021 ◽  
Vol 37 (2) ◽  
Author(s):  
Dang Thi Anh Tuyet ◽  
Nguyen Trung Hieu
Keyword(s):  
Quality Improvement ◽  
Life Expectancy ◽  
Social Services ◽  
Social Protection ◽  
Population Aging ◽  
Life Quality ◽  
Aging Population ◽  
The Elderly ◽  
Policy Adaptation ◽  
The World

Population aging is one of the central issues of many countries in the world, including Vietnam. Life quality improvement and increase in life expectancy are indicators of development achievements. However, increase in life expectancy and sub-replacement fertility will inevitably lead to the aging of the population and the aging population will surely increase socio-economic burden. Therefore, without timely policy adaptation solutions, Vietnam will face crises in a number of social areas, such as labor market, social protection for the elderly as well as providing basic social services in the context of an aging population.

Valued elders or societal burden: Cross-national attitudes toward older adults

2017 ◽  
Vol 32 (6) ◽  
pp. 731-754 ◽  
Author(s):  
Lindsey Peterson ◽  
Margaret Ralston
Keyword(s):  
Population Aging ◽  
Middle Eastern ◽  
Past Research ◽  
The Elderly ◽  
Value Orientation ◽  
African Countries ◽  
Country Level ◽  
The World ◽  
Sub Saharan ◽  
National Attitudes

Population aging is a nearly universal trend that is placing new importance on how societies view and treat their elderly. Past research has established that perceptions of the elderly vary across countries. This article empirically explores three competing theoretical explanations on potential reasons for these differences: the Value Orientation perspective, the Competition over Resources perspective, and Political and Economic Structure. Using Wave 6 of the World Values Survey, various sources of country-level data, and hierarchical logistic regressions the article provides insights as to which theoretical position holds the most weight. The analysis improves on past research by using a large and diverse sample of countries from every region of the world. Contrary to popular thought, and the traditional Value Orientation perspective, it is found that Asian, Middle Eastern, and Sub-Saharan African countries have significantly more negative views toward the elderly than Western countries. In addition, the study finds that countries with higher average lifespans and more elderly as a proportion of the total population actually have more favorable attitudes toward the elderly.

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