Personal Financial Planning for Gen Y Retirement Living in Thailand

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Sunthan Chayanon, Sumonthip Jitsawang, Thaywuse Borriraksuntikul, Layla Kurniawati

Abstract

The aim of the current study is to provide a plan for Y generation retired people living in Thailand to manage personal financial resources. To manage personal financial planning, the current study identified three important factors which include; investment, insurance and management of liabilities. The population of the study is Y generation retired people from Thailand. This study prepared a survey questionnaire based on various scale items and distributed among the respondents. 305 questionnaires were used in data analysis which is carried out through Smart PLS. Results of the study reported that; investment, insurance and management of liabilities has major importance to promote personal financial planning among the for Y generation retired people living in Thailand. Furthermore, it is observed that; investment, insurance and management of liabilities can promote financial management among Y generation people which further increases the personal financial planning. The findings of the current study are helpful to promote personal financial management among the people.

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