Influence of financial literacy and family education on retirement planning with saving behavior as intervening variable
Case study at employees of angkasa pura company
Keywords:
Financial Literacy, Family Education, Retirement Planning Saving, BehaviorAbstract
This study aims to determine the influence of financial literacy, family education, and saving behavior on retirement planning on employees of PT Angkasa Pura I (Persero Company). This research also studies the causes why employees of PT Angkasa Pura I do not plan their retirement finances properly so that there is a very significant income gap between income when they are still actively working and retirement. The population in this study was Angkasa Pura I employees totaling 3,334 employees, with a total sample of 440 respondents. The method used is quantitative research with a causal model and data analysis techniques using the SmartPLS 3.0 application. The results of this study are supported. Statistically, there is a positive and significant influence on financial literacy and family education on saving behavior, as well as the influence of financial literacy, family education, and saving behavior on retirement planning; and the influence of financial literacy and family education on retirement planning mediated by saving behavior.
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