Age Cohort Effect on Financial Planning Preparation

Tan Hoe Kock, Folk Jee Yoong, Choong Kwai Fatt


This paper examined age cohort effect on financial planning preparation. A total of 670 questionnaires were distributed with a 53.6% return rate. Four hypotheses were analysed using hierarchical and stepwise regression analysis. The results revealed that age cohort variables made significant contribution to financial planning preparation as well as personal orientation towards retirement planning, particularly the younger age cohort. Age cohorts do affect personal orientation towards retirement planning with the confidence level making a significant impact. Current financial resources do have a strong positive impact on consumption for all age cohorts. On the other hand, no significant effect was found between age cohorts and current financial resources but older age cohorts were relatively more significant predictors.

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Journal of Management and Sustainability   ISSN 1925-4725 (Print)   ISSN 1925-4733 (Online)   E-mail:


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