• Title/Summary/Keyword: Preparation for Retirement

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Differences in intergenerational financial resource transfers among income levels: Focusing on financial preparation for later life and life satisfaction (중년층의 소득계층별 세대간 경제자원 이전, 노후생활비 준비와 생활만족도)

  • Koh, Sun-Kang
    • Journal of Family Resource Management and Policy Review
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    • v.18 no.3
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    • pp.79-101
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    • 2014
  • The main objective of this study is to explain the differences in intergenerational resource transfers among the middle-aged at various income levels. Analyses of data on financial resource transfers from the 2nd wave of the Korean Retirement and Income Study were conducted. The study sample consisted of 931 middle-aged individuals who had at least one living parent and one child. The data analysis methods were ${\chi}^2$ analysis, one-way analysis of variance(ANOVA), logistic regression analysis, and multiple regression analysis. Financial resource transfers are statistically significant factors explaining the preparation for later life and life satisfaction of middle-aged individuals. The empirical results reveal that the frequency of intergenerational financial transfers was significantly higher in high-income households than in middle- and low- income households. A comparison of high-, middle- and low-income households shows that financial resource transfers had a greater influence on the preparation for later life and life satisfaction of the middle-aged in middle-income households than in low- or high-income households. The level of life satisfaction was dependent upon to whom middle-aged individuals gave financial resources. In the middle-income group, the middle-aged who gave financial resources to their parents were more likely to have higher life satisfaction than those who did not. Receiving financial transfers from parents or children did not have a statistically significant impact on the life satisfaction of the middle-aged in any income-level group.

A study on the financial structures for the old age preparations in Korea (국내 노후대비 자산구조에 관한 연구)

  • Park, Dong In;Cho, Kil Ho
    • Journal of the Korean Data and Information Science Society
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    • v.26 no.6
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    • pp.1199-1206
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    • 2015
  • into aging is the most rapidly increasing among the OECD countries. Consequently, this study aims at analyzing the forms of portfolio establishment by group, the factors affecting the old age preparation, and the presence of middle-aged households' preparation for the old ages in order to forestall social problems like the poverty ration of elderly that have been caused by the rapidly aging society. The result shows that the portfolio for the old age preparation can be expanded if a combination product of finance and real estate is developed as a means of old age preparation. Upon the results of the study above, it can be seen that the old age preparations differ according to not only the demographic elements, but also the extent to how much resources one holds. Especially, the various factors affecting the holding resources vary householder by household depending on whether they prepare for the old ages or not.

Qualitative Investigation of Assisted Living Residents′ Foodservice Experience

  • Lee, Kyung-Eun;Carol, W. Shanklin;Huang, Hui-Chun
    • Journal of Community Nutrition
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    • v.6 no.1
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    • pp.42-47
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    • 2004
  • The purpose of the study was to investigate assisted living residents' perception of foodservice experience using a qualitative approach. A total of 14 residents who lived in assisted living units of a continuing care retirement community participated in interview sessions. The interviews were semi-structured with open-ended questions. The interviews were transcribed and coded to identify themes from the responses. The residents perceived the availability of choices, variety of foods, and service positively, but expressed concerns about food preparation, food quality, and repetitive menus. They were particularly concerned with tough and dry meats. The foodservice department should consider the older residents' ability to chew and their changing taste buds when determining quality of food purchased and preparation methods. The residents considered the service pleasing and described it as satisfactory. They stated that the service staff was friendly but needed more training in proper service techniques. Communication between the foodservice department and the residents was an area to be improved. The foodservice department should increase the residents' involvement in the menu planning and evaluation of the foodservice on a routine basis. Foodservice managers and dietitians working for the older adults can utilize the findings of the study to identify strategies to improve foodservice at their facilities

Qualitative Investigation of Assisted Living Residents′ Foodservice Experience

  • Lee, Kyung-Eun;Carol W. Shanklin;Huang, Hui-Chun
    • Journal of Community Nutrition
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    • v.6 no.1
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    • pp.41-47
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    • 2004
  • The purpose of the study was to investigate assisted living residents' perception of foodservice experience using a qualitative approach. A total of 14 residents who lived in assisted living units of a continuing care retirement community participated in interview sessions. The interviews were semi-structured with open-ended questions. The interviews were transcribed and coded to identify themes from the responses. The residents perceived the availability of choices, variety of foods, and service positively, but expressed concerns about food preparation, food quality, and repetitive menus. They were particularly concerned with tough and dry meats. The foodservice department should consider the older residents' ability to chew and their changing taste buds when determining quality of food purchased and preparation methods. The residents considered the service pleasing and described it as satisfactory. They stated that the service staff was friendly but needed more training in proper service techniques. Communication between the foodservice department and the residents was an area to be improved. The foodservice department should increase the residents' involvement in the menu planning and evaluation of the foodservice on a routine basis. Foodservice managers and dietitians working for the older adults can utilize the findings of the study to identify strategies to improve foodservice at their facilities.

Convergence Effect of College Students Knowledge on the Elderly and Recognition of Retirement on the Preparation for Retirement (대학생의 노인에 대한 지식과 노후인식수준이 노후준비에 미치는 융합적 영향)

  • Park, Jeeyeon
    • Journal of the Korea Convergence Society
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    • v.11 no.2
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    • pp.61-67
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    • 2020
  • The purpose of this study is to find out impact of level of awareness about old age, knowledge of the elderly and preparing for later life on college students in Korea. The study was composed of 133 students who were studying in 4-year system at colleges. Data were collected from October 1st to November 31st, 2019. Data analysis included an independent t-test, ANOVA, Pearson correlation coefficients and multiple regression using the SPSS 19.0 program. As a result of this study, factors influencing the subject's preparing for later life included knowledge of the elderly (β = 0.21, p = .012), men (β = 0.28, p = .001), and level of awareness about old age (β = 0.23, p =. 005), and the accounting power of these factors was 18% in total (F=9.14, p<.001). The results of this study suggest that understanding of the elderly must be improved in order to effectively prepare for later life and gender should be taken into account when planning for intervention.

An Analysis on Identifying Typology of Intergenerational Relationship and Affecting Factors among the Old Retirees According to the Eligibility of Public Pension (공적연금 수급 여부에 따른 노년기 세대관계 잠재 유형 분류 및 영향 요인 분석)

  • Jo, Gee-Yong;Lee, Jong-Ha
    • Journal of Family Resource Management and Policy Review
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    • v.17 no.4
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    • pp.189-213
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    • 2013
  • The purpose of this work is to explore different types of intergenerational relationships in the later lives of old retirees. This will be done according to the eligibility of public pension and the old age social security system so that the factors affecting intergenerational relationships can be analyzed, and to propose a plan to improve social adaptation in later life. The data used in this work are the Fourth basic survey data of the 2011 Korea Retirement and Income Study. The study subjects of this work were 2,435 retirees over age 65 who had children. In this study, latent class analysis and logistic regression analysis were conducted to classify types of intergenerational relationships and to analyze the influence of relevant factors. As a result of the analysis, some of those in the group were eligible for public pension, and the ones who were not were classified into three types: the closely-living-together type, the separate-living-contact type, and the estrangement type. In the group not eligible for public pension, it was found that age, spouse, number of children, economic factors, and level of health satisfaction gave significant power to intergenerational relationships. In the group eligible for public pension, it was found that age, income and net assets, ADL(Activities of Daily Living), whether there was an IADL(Instrumental Activities of Daily Living) spouse, and number of children affected types of intergenerational relationships; Socio-demographic factors, economic factors, and healthy factors became significant variables according to the classified types of intergenerational relationship. Based on the study results, this work suggested such necessities to lay the foundation for an elderly welfare system for social adaptation in later life, This includes the offering of programs for retirement preparation, the use of family and local society resources, and expansion of the opportunity to participate in social activities.

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The Development of a Life Planning Program for Retired Elderly People (은퇴자의 생활설계를 위한 교육 프로그램의 개발)

  • Choi Bo A;Chi Young Sook
    • Journal of Families and Better Life
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    • v.22 no.6 s.72
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    • pp.47-61
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    • 2004
  • The purpose of this study is to develop a life planning program for retired elderly people. This program is not a preparation program for elderly people prior to their retirement but a readjustment and re-planning their life after retirement. This program help retired elderly people to solve the life problem and set up a affirmative ones future image. Also this program pay regard to social, home backgrounds of this generation. The program consists of four session curriculums session 1 is entitled to &Make my future by oneself&, session 2 is &Enjoy healthy life as much as one can&, session 3 is &Have a heart for family& and session 4 is &Set up a mature old age&. A fled study has been conducted with ten retired elderly people who want to participated in the program voluntarily. 4 sessions each of which consists of 2 hours were performed at Korean Association of Retired Persons. Field test for program evaluation is designed to three steps: pre-test, post-test and one month follow-up test to measure the effectiveness of the program. According to evaluation results, the program shows a significantly positive effect on the improvement of elderly people's understanding about elderly life. At the one month follow-up assessment, the effect of program is still remained strongly even though there is a Partial slight increase or reduction which is not statistically significant. Most of the program participants have expressed high level of satisfaction with the program. For further study, we need various contents which are suited to larger group with diverse socio0-demographic backgrounds. At the same time, the program has diverse instruction methods which are pertinent to levels of participants. Also, the program needs to continuous adjustment to the next generation with their social, home backgrounds.

Factors Influencing Housing Satisfaction in the New Middle-Aged Rural Returnee Generation

  • Joong-Ho CHOI;Sun-Ju KIM
    • The Journal of Economics, Marketing and Management
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    • v.12 no.2
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    • pp.51-60
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    • 2024
  • Purpose: The purpose of this study was to analyze the factors influencing the housing satisfaction of the new middle-aged who returned to farming to derive the implications of real estate policies to resolve regional imbalances. Research design, data and methodology: As a result, this study used secondary data, housing survey data, and identified factors influencing housing satisfaction through multiple regression analysis as well as basic analysis such as exploratory factor analysis, reliability analysis, technical statistics analysis, and correlation analysis. Previous studies, in particular, mainly focused on aging, retirement, economic activity, and retirement preparation, but this study was able to derive predictive factors that can increase the persistence of living after returning to farming by analyzing housing satisfaction for the new middle-aged, and as a result, suggest implications for resolving regional imbalances. Results: As a result of the analysis, it was found that housing structure status had the greatest influence among the three factors of housing-related predictors: housing structure status, facility accessibility, and surrounding environment, suggesting that policy alternatives that can improve the quality of the housing structure itself should be prepared rather than facility accessibility and the surrounding environment. Conclusions: Based on these results, we discussed implications for improving the housing structure to increase the continuity of living for the new middle-aged after returning to farming, and presented follow-up research directions on the need for complementary research in addition to individual analysis of influencing factors, limitations of secondary data, and the lighting of research on the new middle-aged and other generations who did not return to farming.

The Images of the Elderly Perceived by Mid and Older-aged Adults and Their Preparation for Later Life (중장년층이 인식하는 노인 이미지와 노후생활 준비도)

  • Yeo, Yeon-Jung;Kim, Jin-Sook
    • The Journal of the Convergence on Culture Technology
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    • v.6 no.2
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    • pp.257-262
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    • 2020
  • This study recruited adults aged 35 to 64 living in Daegu and Gyeongsang buk-do to analyze the images of the elderly perceived by the mid and older- aged adults and their preparation for later life. The results of this study are as follows: First, as for the images of elderly people recognized by the research subjects, psychological images were the most positive, followed by physical and social images. Those with a higher education level, full-time job, and parents alive had more positive images of the elderly. The psychological images were better in those married compared to singles or divorcees, and the higher the age considered as elderly, the better the psychological and social images of the elderly. Second, preparation for later life in the mid and older-aged adults was better in order of emotional and physical preparation, whereas economic and leisure and social preparation were not enough. Those who are female, those with a higher education level, higher average monthly household income, professional job, and full-time job, and those who have an older age in mind as a definition of elderly have been better prepared for later life. Third, it was found that the sub-factors of their images of elderly people and preparation for later life affected each other, and the more positive their images of elderly people, the better they had been prepared for later in life. The results of this research suggests a desirable direction for improving the images of the elderly, implicating the necessity of exploring measures to provide individual and social support and developing educational programs for successful life after retirement.

A Study on the Life Style and the Preparation of Old Age in Opal Generation (오팔세대의 라이프스타일과 노후준비에 관한 연구)

  • Lim, Mi-Jeong;Choi, Gyoo-Seok
    • The Journal of the Convergence on Culture Technology
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    • v.8 no.6
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    • pp.59-65
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    • 2022
  • The baby boomers born between 1955 and 1974, recently called the new age, form a huge population group and show characteristics different from the previous traditional older generations. With the retirement of those who make up 33% of the nation's population in earnest, the emergence of a new generation of the elderly population and policy changes are required. The new middle age generation, also called the opal generation, want to spend their old age productively and autonomously, which has increased due to the increase in life expectancy, and have some economic ability, such as enjoying overseas travel in old age. As preparation for old age is insufficient, policy attention is required for the younger generation as a new generation. In this paper, focusing on the baby boom generation, the definition of the opal generation, their consumption lifestyle, attitudes, social activities, leisure activities, and lifestyle such as health efforts are investigated, and job creation, social re-education, and local It is intended to present practical measures for preparing for old age, such as the establishment of medical facilities and social consideration for a leisurely cultural life.