Financial Literacy and Retirement Preparation

Widya Ayu Lestari, Ade Banani, Rio Dhani Laksana

Abstract


This paper aims to identify research gap on financial literacy and retirement preparation topics and proposes several recommendations for future research. To explain the phenomenon of financial literacy and retirement preparation, this study uses theory of life cycle hypothesis in framework. The research uses a qualitative method approach by conducting a review of articles that traced throught google scholar. A literature search process held between April 2020 until August 2020 and resulted on 18 chosen articles. The outcome identifed that financial literacy has a role in preparing for retirement.

 

Keywords: Financial Literacy, Retirement planning, Financial Planning, and Private Pension participation, and Theory of Life Cycle Hypothesis


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