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Sooner rather than later? Younger and middle-aged adults preparing for retirement

Bibliographic Data

ID11201710
AuthorsMichael Anderson (0000-0002-4079-1965, University of Edinburgh), Yaojun Li (0000-0002-0355-7715, University of Edinburgh), Frank Bechhofer (University of Edinburgh), David Mccrone (University of Edinburgh), Robert Stewart (0000-0002-6326-915X, University of Edinburgh)
Year2000
Volume20
Issue4
Pages445-466
Publication date2000-07-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueAgeing and Society (JOURNAL)
Journal identifiersISSN: 0144-686X • E-ISSN: 1469-1779
PublisherCambridge University Press (CUP) (PUBLISHER)
DOI10.1017/s0144686x99007837
OpenAlexW2054278475
LanguageEN
Citations received16
References cited3

During the 1990s, the British population has been urged by government and financial institutions to make more personal preparation for retirement and to begin doing so while they are still relatively young. This paper, set within a wider analysis of people's long-term planning behaviour, investigates the extent to which a sample of the general population of Kirkcaldy in Scotland, mostly aged between 30 and 49, has given thought to the question of retirement, feels they have made financial preparation for it, and also how comfortable they expect retirement to be. While it seems likely that early planning for retirement is more common today than 20 years ago, there remain substantial sections of the population, including – but going well beyond – many in lower income groups, who appear not to be preparing, for varying combinations of reasons (including family responsibilities, personal history, cultural and general orientation to life). The study concludes that planning for retirement must be seen as part of planning as a whole, and that the propensity to plan is the outcome of a complex web of material, social, cultural and psychological factors. This suggests that even very high profile urging from politicians and financial institutions is unlikely to deliver adequate pensions for significant sections of the UK population

Business · Demographic economics · Economic growth · Economics · Financial plan · Government (linguistics) · Pension · Plan (archaeology) · Political science · Population · Retirement age · Retirement planning · Sample (material) · Sociology · Demography · Finance · Financial Literacy, Pension, Retirement Analysis · History · Migration, Aging, and Tourism Studies · Psychology · Retirement, Disability, and Employment

  • The Impact of Perceived Control and Future-Self Views on Preparing for the Old Age

    Open Access•Jeongsoo Park, Helene H Fung et al.•The Journals of Gerontology…•2019

  • Middle-aged preparation for healthy aging

    Open Access•Mahnaz Solhi, Razieh Pirouzeh et al.•BMC Public Health•2022

  • Financial planning for later life

    Open Access•Candace L Kemp, Carolyn J Rosenthal et al.•Journal of Aging Studies•2005

  • Gender Differences in Retirement Decision in Hong Kong

    William Keng Mun Lee•Journal of Women & Aging•2005

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    Hansol Kim, David J Ekerdt et al.•Journal of Women & Aging•2025

  • Women and Retirement Planning

    William Keng Mun Lee•Journal of Women & Aging•2003

  • Predicting retirement preparation through the design of a new measure

    Open Access•ALEXA MARIE MURATORE, Joanne K Earl•Australian Psychologist•2010

  • The Relationship between Public Long-Term Care Insurance Awareness and Preparation for Later Life in South Korea

    Seok Cheol Ha, Hye Jin Kim et al.•Journal of Social Service Research•2017

  • Does early retirement lead to longer life

    Open Access•Howard Litwin•Ageing and Society•2007

  • Improving retirement outcomes

    Open Access•ALEXA MARIE MURATORE, Joanne K Earl•Ageing and Society•2015

  • Employers and the Management of Retirement

    Open Access•Sarah Vickerstaff, Jennie Cox et al.•Social Policy and Administration•2003

  • The inequality of security

    Open Access•Marianne Cooper•Human Relations•2008

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    Open Access•Yaojun Li, Frank Bechhofer et al.•Work Employment and Society•2002

  • The Experience of Retirement in Second Modernity

    Open Access•Ian Rees Jones, Miranda Leontowitsch et al.•Sociology•2010

  • Confidence amid Uncertainty

    Open Access•Michael Anderson, Frank Bechhofer et al.•Sociological Research Online•2002

  • A Generalizable Scale of Propensity to Plan

    J Lynch, John G Lynch et al.•Journal of Consumer Research•2010

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    Arden Hall, Terry R Johnson•Industrial and Labor Relations…•1980

Unique citing works16
Citations per year0,67
Citation span2002 - 2025 (24)
Citation velocityrecent
Highly citedNo
Citation typesNeutral: 16

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