Volume : 12, Issue : 8, AUG 2026

FINANCIAL AND PSYCHOSOCIAL PREDICTORS OF RETIREMENT PLANNING AMONG FILIPINO ADULTS

HANNA VICTORIO, THELIYATHE GEDARA JANITHA CHAMINDA AMARASENA, KATALIN HATVANI, ISAAC KWASI AFOAKWAH, NANA ATUOBI-YIADOM

Abstract

The preparation to retire is a complex process that requires financial knowledge, behavioural regulation, future oriented attitudes, and perceptions about personal well-being. The study was a cross-sectional study that included 168 Filipino adults who were examined for financial and psychosocial predictors of retirement planning. Participants filled out financial literacy, saving patterns, views on retirement, healthy lifestyle, and retirement planning behavior assessments. The Pearson correlation and multiple linear regression were used. The retirement planning score was positively correlated with all of the predictors. The variance of the regression model accounted for 63.4% of the variance. Perceptions of a healthy lifestyle and retirement attitudes were the strongest positive predictors, followed by financial literacy. The adjusted coefficient of saving behavior was negative, although it was positively related to saving behavior in the bivariate relationship. This indicated either a suppression effect or a shared variance. There was no significant relationship between the measured socioeconomic indicators and retirement planning. Results indicate the need for more financial therapy-informed interventions that focus on financial knowledge, future orientation, attitudes, alignment of attitudes and behaviors with goals, and how finances relate to physical health.

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IESRJ

International Educational Scientific Research Journal

E-ISSN: 2455-295X

International Indexed Journal | Multi-Disciplinary Refereed Research Journal

ISSN: 2455-295X

Peer-Reviewed Journal - Equivalent to UGC Approved Journal

Peer-Reviewed Journal

Article No : 13

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