Savings for retirement and the millennial generation in Mexico: perception about the importance of having a retirement fund

##plugins.themes.bootstrap3.article.main##

Teresa Zamora Lobato

Аннотация

The aim of this study focused on knowing the existing relation between Savings, Financial Capability, Future forecast and Retirement funds in relation to gender, which allows to determine the Savings culture, while also proving if there is a relationship between Savings, Financial Capability, Future forecast and Retirement funds in relation to gender among the population known as Millennial generation. The study is non-experimental, approached from the hypothetic-deductive paradigm, it is descriptive and correlational, as well as transversallycut. The participants were 89 Millennials(73% women and 27% men), whoseagesranged between 18 to 35 years old. The sample was non-probabilistic by auto-determination, since the technique used was “snowball sampling”, which consisted on sharing the instrument through social networks. For the study, the survey designed by the Mexican National Commission of Retirement Savings System (2017) was used. For the data capture and analysis, the program SPSS Statistics v23 was used and the measurement technique was Pearson s Chi square with df and sig <0.05. The main results show how young millennials have not thought about retirement or at least, they are currently not taking action on this issue, hence, they have not decided to save money for the future at the moment.
Regarding the parametricresults, it was determined that thereis no relationship between what millennials perceive about keeping a record of monthly income and expenses, what they would do in case they received an unexpected sum of money, receive a monthly pension, the retirement age, amount of the retirement pension and the knowledge of what a retirement fund is with the variable gender.

Скачивания

Данные скачивания пока недоступны.

##plugins.themes.bootstrap3.article.details##

Как цитировать
Zamora Lobato, T. (2021). Savings for retirement and the millennial generation in Mexico: perception about the importance of having a retirement fund. Revista INFAD De Psicología. International Journal of Developmental and Educational Psychology., 1(1), 245–260. https://doi.org/10.17060/ijodaep.2021.n1.v1.2061
Раздел
Artículos

Библиографические ссылки

Alvarado-Lagunas, E., & Duana-Ávila, D. (2018). Ahorro, retiro y pensiones: ¿Qué piensan los jóvenes adolescentes del ahorro para el retiro? Investigación Administrativa, 48(122)

Bams, D., Schotman, P., & Tyagi, M. (2016). Pension fund asset allocation in low interest rate environment. https://bit.ly/3iGnVBg.

Banco del Ahorro Nacional y Servicios Financieros (Financial Services and National Savings Bank) (BANSEFI) (2015). Diagnóstico programa presupuestario en la inclusión financiera. https://bit.ly/2PXq2o1.

Banco Nacional de México (BANAMEX) y Universidad Nacional Autónoma de México (UNAM) (National Bank of Mexico and National Autonomous University of Mexico) (2014). Cultura financiera de los jóvenes en México. Síntesis de resultados. https://bit.ly/31X29m5.

Berhneim, D. (1993). Is the Baby Boom Generation Preparing Adequately for Retirement? Summary report. Princeton: Merrill Lynch.

Calderón-Ortiz, A. & Gaytán-Cortés, J. (2017). El Valor del Conocimiento y Efectos en la Competitividad. https://bit.ly/2Y549HG.

Cámara de Diputados (Chamber of Representatives). (January 10, 2014). Article 18. Ley de los Sistemas de Ahorro para el Retiro (Retirement Savings Systems Law). [Law 077 of 2014]. DO: 10/01/2014.

Comisión Nacional del Sistema de Ahorro para el Retiro (National Commission of te Retirement Savings System) (CONSAR). (2017). Encuesta Nacional ¿Qué piensan los millennials mexicanos del ahorro para el retiro? https://bit.ly/3axlNc5.

Escalera-Chávez, M., Tejada-Peña, E., & García-Santillán, A. (2017). Uso de los servicios financieros. Estudio empírico en estudiantes universitarios. International Journal of Developmental and Educational Psychology, 2(1), 581-590.

Finke, M. & S. Huston. (2013). Time preference and the importance of saving for retirement. Journal of Economic Behavior & Organization, 89, 23-34.

García, N., Grifoni, A., López, J., & Mejía, D. (2013). La educación financiera en América Latina y el Caribe. Situación actual y perspectivas. Serie Políticas Públicas y Transformación Productiva, 12. http://scioteca.caf.com/handle/123456789/379

Goldman Sachs. (2016). Investing in the Millennial Effect. https://bit.ly/312iQNR.

Heman Hasbach, D. (2017). ¿Podrán los Millennials cobrar pensión?: Una aplicación al caso de México. (Tesis del Máster en Dirección de Entidades Aseguradoras y Financieras, Universidad de Barcelona) https://bit.ly/3gXUmL7.

Keynes, J. (1936). The General Theory of Employment, Interest and Money. New York: Harcourt and Brace.

Huidobro, A. (1995). La importancia del Ahorro en la Economía. https://bit.ly/34ow6OO.

Instituto Nacional de Estadística y Geografía (National Institute of Statistic and Geography) (INEGI). (2015). Encuesta intercensal 2015. https://www.inegi.org.mx/temas/estructura/

Johnson, S. (2016). Los asiáticos ahorran, los latinos gastan. Financial times, 8-9. Organización para la Cooperación y el Desarrollo Económicos (Organization for Economic Cooperation and Development) (2016). Estudios de la OCDE s obre los sistemas de pensiones: México. https://bit.ly/3h4qBZd.

Rivera, J., & Nava, A. (2012). El sistema de ahorro para el retiro y la cultura de la previsión en México. Ciencia UANL, 15(57), 33-38.

Rolison, J., & Hanoch & S. Wood. (2017). Saving for the future: Dynamic effects of time horizon. Journal of Behavioral and Experimental Economics, 70, 47-54.

Vázquez-Parra, J., Montalvo-Corzo, R., Amézquita-Zamora, J., & Arredondo-Trapero, F. (2017). El ahorro en la carencia. Una reflexión sobre los hábitos de ahorro de familias de una zona vulnerable de México. Perspectivas, (39), 103-120.

Vázquez, P. (2010). Las pensiones en México y su problemática. (Ponencia presentada a los alumnos de la maestría en Finanzas del ITESM, Campus Monterrey). http://millenium.itesm.mx/

Villagómez, A., (1993). Los determinantes del ahorro en México: una reseña de la investigación empírica. Economía Mexicana Nueva Época, (2), 305-327.

Wealth Planter. (2017). ¿En qué gastan su dinero los jóvenes? http://www.wplanters.com/en-que-gastan-su-dinero-los-jovenes/

Yao, R. & G. Cheng. (2017). Millennial s retirement saving behavior: Account ownership and balance. Family and Consumer Sciences Research Journal, 46(2), 110-128.

Zamora-Lobato, T., García-Santillán, A., & Ramos-Hernández, J. (2018). Algunas características que explican el comportamiento de los jóvenes universitarios hacia el ahorro. International journal of developmental and educational psychology, (2), 159-170.