Financial Status and Literacy, and Retirement Preparedness of Generation X Government Employees
Abstract
Purpose: To investigate the relationship of financial literacy and retirement preparedness of generation X government employees.
Design/methodology/approach: This study employed a quantitative research design. Specifically, descriptive-correlational design, using survey data. This allows the exploration of associations between variables without manipulation, offering insights into how these variables interrelate and influence retirement preparedness. A survey was conducted using a questionnaire administered via printed forms.
Research Findings: Generation X government employees have high financial literacy but varying levels of retirement preparedness. A significant positive correlation exists between financial literacy and retirement preparedness.
Contribution/Originality/Novelty: The study fills the gap in the literature by focusing on a specific demographic, the Generation X government employees in the Philippines.
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