FACTORS AFFECTING THE FINANCIAL SECURITY OF RETIREMENT PEOPLE IN BANGKOK

Abstract

The objectives of this research were to: 1) Study the knowledge, attitudes, and behaviors regarding financial planning, as well as lifestyle factors affecting the financial security after retirement of people in Bangkok; 2) Examine the factors related to financial security after retirement among people in Bangkok; and 3) Analyze the influence of knowledge, attitudes, and behaviors regarding financial planning, together with lifestyle factors, on the financial security after retirement of people in Bangkok. This study employed a quantitative research approach. The sample consisted of 390 working-age people in Bangkok aged between 15 - 59 years, selected through multi-stage sampling. The research instrument was a questionnaire. Data were analyzed using multiple regression analysis with Adjusted R², F-test, and t-test, as well as descriptive statistics including arithmetic mean and standard deviation. The findings revealed that: 1) People in Bangkok had a moderate level of knowledge and attitudes toward financial planning, while their lifestyle factors were at a high level, particularly in terms of quality-of-life orientation and human needs; 2) The factors related to financial security after retirement among people in Bangkok were at a moderate level, with the highest mean score found in having sufficient income for daily living expenses; and 3) The factor with the greatest influence on financial security after retirement among people in Bangkok was financial planning behavior, followed by financial planning knowledge and attitudes, whereas lifestyle factors showed no statistically significant effect overall.