Investing Behaviour of the IT Millennials with Respect to Retirement Planning

Abstract

The objective of this study is to identify the demographic factors and behavioural biases affecting the financial planning of the Millennials. For this purpose the investing behaviour of the Millennials in the IT Industry as a representative sample with respect to retirement planning has been studied using the Retirement Wellness Score. Logistic regression analysis was performed to determine the likelihood of whether the Millennials are ready for retirement with the main aim of showing the relationship between the study variables. An attempt has been made to develop a predictive model that would help in determining the Millennials’ readiness for retirement given their demographic variables and dominant bias presence. This research contributes to developing an understanding of Millennials’ financial planning for retirement.

REVIEW FAKTOR PENENTU KEPUTUSAN INVESTASI PADA GENERASI Z & MILLENIAL

“…Penelitian Nelson Lajuni tahun 2018 memperoleh hasil bahwa saat generasi milenial Malaysia berinvestasi, mereka menggunakan sosial media sebagai sumber informasi [25]. Penelitian Rashmy Moray tahun 2019 menunjukkan bahwa jenis investasi yang disukai oleh generasi milenial di India antara lain rekening tabungan dan deposito, real estate, dana simpanan, reksa dana, ekuitas, dan emas [26]. Berdasarkan penelitian Jeni Theresa C. Bona tahun 2019, Generasi Z di Filipina sebagian besar memilih tabungan sebagai instrumen investasi [27].…”

“…Selain itu, kaum millenial lebih memilih investasi yang direkomendasikan teman atau yang memiliki nilai tinggi Berdasarkan tabel di atas, terlihat bahwa saat berinvestasi, generasi millenial di Malaysia menggunakan sosial media sebagai sumber informasi [25]. Jenis investasi yang disukai oleh generasi millenial di India antara lain rekening tabungan dan deposito, real estate, dana simpanan, reksa dana, ekuitas, dan emas [26]. Generasi Z di Filipina sebagian besar memilih tabungan sebagai instrumen investasi [27].…”