GRT 2100 Lecture Notes - Lecture 9: Subsidized Housing, Dependency Ratio, Unemployment Benefits
7 Jan 2015
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Document Summary
Retirement and financial issues: influence on older persons, and factors affecting adjustment. Retirement: defining retirement, concept of retirement, model of retirement, transition, financial considerations. Concept of retirement: an important economic institution, an event, a process, a complex stage of life, a state of mind. Individual circumstances that influence ones life and how they view retirement a: active participants in their retirement. Retirement difficult to define: due to the considerable diversity in how and when working life ends, retirement is. Individual and societal factors influencing retirement decisions and lifestyles: individual factors (1, work history, regular/irregular, part-time/full-time, partner"s work history and age, economic status, earnings. Investments: savings iii, entitlement to public, private pensions, health status, perceived/objective, leisure interests and experiences, individual factors (2) Attitudes about preparation for retirement: before the transition to retirement, more than 80% of respondents report favorable attitudes towards retirement.
