Moving towards active retirement planning: Does early financial education matters?

Authors

  • Pengyan Liu University of International Business and Economics Author

Abstract

This study examines how early financial education affects individual retirement planning. Using data from the 2021 Financial Capability Survey and analyzing it through STATA, we find that those who received financial education in high school are the most active in making retirement plans. After removing the extreme income groups, the findings still hold. This suggests that financial education at the high school level has a significant positive impact on individual retirement planning. This study highlights the importance of financial education at the high school level, which is an important guide for policymakers, educators, and families to help promote more scientific future planning and a stable retirement.

Author Biography

  • Pengyan Liu, University of International Business and Economics
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Published

2024-07-25

Section

Articles

License

© Asian Journal of Social Science Studies. The copyright for all articles published in this journal is retained by the authors. All articles are published under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (CC BY-NC 4.0). This license permits use, distribution, and reproduction in any medium for non-commercial purposes only, provided the original work is properly cited.

How to Cite

Moving towards active retirement planning: Does early financial education matters?. (2024). Asian Journal of Social Science Studies. https://journal.chapjulypress.org/index.php/ajsss/article/view/691