Phenomenological Studies of Retirement Planning Behavior in X Generation and Y Generation

Deabyanda Nurmay Yasinta, Mirwan Surya Perdhana

Abstract


A person can have better retirement planning if they realize the importance of retirement planning early, therefore they will take further measures to ensure that they can make ends meet after retirement. The purpose of this study is to find out the factors that determine retirement planning behavior in generation X and generation Y and know generation X and generation Y in protecting and maintaining the value of wealth in retirement and knowing the differences in retirement planning behavior and wealth value protection between generation X and generation Y. Research methods were carried out qualitatively with a phenomenological approach through semi-structured interview instruments with population 5.  generation X and 5 generation Y. Research results show that generation X and generation Y have differences in planning for retirement, besides that the existence of wealth management helps generation X and generation Y determine measures in protecting and maintaining the value of an asset so that its value does not decrease or disappear.


Keywords


wealth management; retirement planning; generation x; generation y; wealth protection & preservation

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DOI: https://doi.org/10.33258/birci.v5i3.5981

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This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.