Personal Financial Planning for Generation Y Retirement Living in Krung Thep Maha Nakhon, Thailand

Abstract

The objectives of this research were 1) to study the level of debt conditions. Financial skills and knowledge preparation of savings and investment plans 2) to study financial skills and knowledge that affect the preparation of savings and investment plans To be able to plan personal finances to be able to live in retirement age of Generation Y people in Bangkok. The sample was 400 people using simple random sampling. The tools were questionnaires, descriptive statistics. The data used to analyze the data were frequency, percentage, mean, and standard deviation. and inferential statistics techniques Multiple regression analysis The results of the research showed that 1) Debt condition, it was found that income was insufficient for each month's expenses. financial skills moderate and financial literacy is at the highest level Creating a savings plan at a high level 2) Financial skills and knowledge affecting the preparation of savings and investment plans. It was found that financial skills were related to savings planning. Statistically significant at the .01 level, the correlation coefficient (r) was .354, with a high degree of correlation in the same direction and has a relationship with investment planning At the .01 level, the correlation coefficient (r) was .573 with a high degree of correlation in the same direction. and financial literacy is related to savings planning. The statistical significance of .05 had a correlation coefficient (r) of -.103 with a high degree of correlation in the same direction. and has no relationship with investment planning The correlation coefficient (r) was -.053, with a low correlation in the same direction, with financial skills and financial literacy having the greatest impact on investment planning, which was financial skills (β = .629). and financial literacy (β=.163), respectively, with statistically significant (p<.01), with a synergistic efficiency in investment affecting financial skills and financial literacy at 34.8%. Statistical significance .01 written as forecast equation (raw score) and forecast equation. (Standard Score) are as follows:

         = 1.504 + .428 X1 + .210 X2 (raw score)

          = .629 Zx1 + .163 Zx2 (standard score)