The role of financial education in retirement planning

摘要: Governments in many countries are facing the challenge of providing sufficient retirement incomes for a population that is ageing as a result lower mortality and fertility rates. An population places considerable financial stress on government budgets spending welfare increases, further compounded by a proportional reduction working-age taxpayers. Exposure to education programs can positively influence planning savings behaviour individuals. Research indicates seminars, written communications website information effective methods communicating financial education. In this study an investigation conducted into views fund members regarding elements resources made available them through their fund. Four aspects are investigated, is, whether there differences with respect members’ between genders, older younger members, levels qualification, size superannuation balances. Empirical evidence suggests gender age important factors females people less likely utilise educational more at risk not accumulating funds retirement.