Abstract
Abstract This study analyzes the adequacy of retirement preparation of different age groups. Specifically, the hippie cohort (born between 1946 and 1954) is compared to the X and Y cohort (born between 1965 and 1987). For the hippie cohort, regarding internet use for obtaining information to make decisions about investments and saving, positive effects were found on satisfaction of retirement income from pensions and Social Security. These results were statistically insignificant in the X and Y cohorts. In the responses regarding the question of how to rate retirement income from job pensions and Social Security, the findings show that the hippie cohort is more likely than the X and Y cohorts to be satisfied with their retirement income from pensions and Social Security. The results show that the hippie cohort is better prepared for retirement compared to the X and Y cohort. Keywords: Hippie, X and Y Cohort, Adequacy of Social Security and job pensions
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Article Details
- Year: 2020
- Volume: 41
- Issue: 4
- Pages: 107 - 135
- Accepted: 01.07.2020
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DOI:
https://doi.org/10.5281/zenodo.17037539 -
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How to Cite?
Yun Doo Lee, M. Kabir Hassan, Shari Lawrence (2020). Retirement Preparation: Hippies versus the X & Y Cohort. Journal of Economic Cooperation and Development, 41(4), 107-135. https://doi.org/10.5281/zenodo.17037539
