Title:
Age, Gender, Income, and Education: Exploring Demographic Factors in Retirement Planning

Authors:
Mellyza Silvy, Harlina, Indonesia

Abstract:

Financial planning is the process of planning long-term and short-term financial goals. These goals can be the goal of establishing a child's education fund, building homes, and also funds to prepare for retirement. Retirement is a time when one should be able to enjoy what could not be done while still an employee, which each individual would want a good life in old age. However, the welfare of old age can not be separated from how the behavior of financial management in the young to prepare for pension funds. This study aims to determine the influence of demographic factors such as gender, age, education, and income on the behavior of pension plan planning. Data analysis technique used is independent test of t-test and ANOVA. By using a sample of 321 respondents who live in Surabaya, Gresik and Sidoarjo, have a total income of at least Rp. 4,000,000 per month, has working experience of at least 2 years, and as a financial manager. Based on the result of research of demography factor that is gender and income have no significant effect to pension fund planning behavior, while age and education have not significant effect to pension fund planning behavior.

DOI: https://doi.org/10.51505/IJEBMR.2025.9721