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Retirement Preparedness in Saudi Arabia

Year 2017, Volume: 7 Issue: 1, 78 - 86, 01.03.2017

Alassane Diaw

Abstract

This paper studies the behavior towards retirement of a sample of workers from Al Jouf Region in Saudi Arabia. This is, in particular, to identify socio-economic factors put forward in preparing for retirement. Data collected via questionnaires are analyzed using factor analysis. Beyond the general perception which associates retirement to something negative, the concepts of freedom, family connectedness and leisure are frequently highlighted by respondents. The results show the lack of financial planning despite the possible deterioration of their economic situation worried by most respondents. Moreover, investment in financial products attracts future retirees in spite of their lack of knowledge of the related risks.

Keywords

retirement planning savings risk and expectations

Year 2017, Volume: 7 Issue: 1, 78 - 86, 01.03.2017

Alassane Diaw

Abstract

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Details

Other ID JA99RR72MD
Journal Section Research Article
Authors

Alassane Diaw This is me

Publication Date March 1, 2017
Published in Issue Year 2017 Volume: 7 Issue: 1

Cite

APA Diaw, A. (2017). Retirement Preparedness in Saudi Arabia. International Journal of Economics and Financial Issues, 7(1), 78-86.
AMA Diaw A. Retirement Preparedness in Saudi Arabia. IJEFI. March 2017;7(1):78-86.
Chicago Diaw, Alassane. “Retirement Preparedness in Saudi Arabia”. International Journal of Economics and Financial Issues 7, no. 1 (March 2017): 78-86.
EndNote Diaw A (March 1, 2017) Retirement Preparedness in Saudi Arabia. International Journal of Economics and Financial Issues 7 1 78–86.
IEEE A. Diaw, “Retirement Preparedness in Saudi Arabia”, IJEFI, vol. 7, no. 1, pp. 78–86, 2017.
ISNAD Diaw, Alassane. “Retirement Preparedness in Saudi Arabia”. International Journal of Economics and Financial Issues 7/1 (March 2017), 78-86.
JAMA Diaw A. Retirement Preparedness in Saudi Arabia. IJEFI. 2017;7:78–86.
MLA Diaw, Alassane. “Retirement Preparedness in Saudi Arabia”. International Journal of Economics and Financial Issues, vol. 7, no. 1, 2017, pp. 78-86.
Vancouver Diaw A. Retirement Preparedness in Saudi Arabia. IJEFI. 2017;7(1):78-86.