Open AccessInvesting Behaviour of the IT Millennials with Respect to Retirement Planning
Author(s) -
Rashmy Moray,
Vanishree Pabalkar,
Nema Buch
Publication year - 2019
Publication title -
asian journal of empirical research
Language(s) - English
Resource type - Journals
eISSN - 2306-983X
pISSN - 2224-4425
DOI - 10.18488/journal.1007/2019.9.8/1007.8.188.201
Subject(s) - logistic regression , retirement planning , sample (material) , financial plan , actuarial science , regression analysis , psychology , marketing , business , finance , statistics , mathematics , chemistry , chromatography
The objective of this study is to identify the demographic factors and behavioural biases affecting the financial planning of the Millennials. For this purpose the investing behaviour of the Millennials in the IT Industry as a representative sample with respect to retirement planning has been studied using the Retirement Wellness Score. Logistic regression analysis was performed to determine the likelihood of whether the Millennials are ready for retirement with the main aim of showing the relationship between the study variables. An attempt has been made to develop a predictive model that would help in determining the Millennials’ readiness for retirement given their demographic variables and dominant bias presence. This research contributes to developing an understanding of Millennials’ financial planning for retirement.