Understanding the influence of demographic and psychological variables on retirement planning

Psychol Aging. 2009 Mar;24(1):245-51. doi: 10.1037/a0014096.


The authors examined the degree to which workers were engaging in financial, health, interpersonal/leisure, and work planning for retirement, exploring whether demographic and psychological variables inhibited or promoted planning in each of these domains. Planning in each domain was influenced by a unique set of variables. Goals emerged as a consistent and positive predictor of planning. Gender accounted for health and interpersonal/leisure planning, while work planning behavior was negatively predicted by income. Time perspective also helped to clarify the amount of retirement planning undertaken in the financial and interpersonal/leisure domains. Practical implications for designing retirement interventions are discussed.

MeSH terms

  • Aging / psychology*
  • Attitude to Health
  • Educational Status
  • Employment / psychology
  • Female
  • Goals*
  • Humans
  • Interpersonal Relations
  • Leisure Activities
  • Male
  • Middle Aged
  • Pensions*
  • Planning Techniques
  • Retirement / psychology*
  • Socioeconomic Factors
  • Surveys and Questionnaires