The Relationship between Financial Planning for Retirement and Some Socio-Economic Variables

Abstract

The purpose of this study, planned as a quantitative research, is to determine the relationship between planning retirement financially in middle-age period and some socio-economic variables. This study is conducted through 287 participants, who live in Nevsehir, Turkey, aged 40-59, and were reached via the help of some key individuals. As the result of the study, statistically no significant difference has been found between the responses of women and men about planning the retirement financially. However, it has been verified that men's financial plans for retirement were higher in rates than that of women. On the other hand, it was also found that although neither women nor men feel ready for the retirement, it has been determined that for men the factor of being an owner of a house and for women the factor of saving up increases the financial planning for the retirement.