Financial Literacy Impact on Retirement Planning Among Various Age Group Individuals

EasyChair Preprint 15907

Abstract

The paper presents the analysis of the study on the impact of financial literacy on retirement planning among various age groups till the age of 60. The effect of multiple factors such as financial literacy, savings pattern, and investment horizon was found to significantly impact the attitude towards retirement planning. The study aims to find the positive impact of various knowledge levels of financial literacy on retirement planning behaviour. The analysis of the empirical data strongly recommends that policies to be adopted for the improvement of financial literacy among youngsters before they choose a career path. The policies need not be limited to spreading financial awareness, policy makers are suggested to have a holistic approach to empower the individuals with the financial tools for leading a peaceful retirement life. The approach may include compulsory financial literacy part of the curriculum in the college level academics.

Keyphrases: Financial Literacy, Investment, Retirement Planning

@booklet{EasyChair:15907,
  author    = {K.N. Harihara Prasad and Uriti Yasodha Krishna},
  title     = {Financial Literacy Impact on Retirement Planning Among Various Age Group Individuals},
  howpublished = {EasyChair Preprint 15907},
  year      = {EasyChair, 2025}}