A Quasi-Experimental Embedded Mixed-Methods Study of a Positive Financial Behavior Promotion Program to Enhance Financial Well-Being Among Pre-Retirement Employees in Private Educational Institutions
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Abstract
This embedded quasi-experimental study aimed to design and evaluate the effects of a positive financial behavior promotion program to enhance the financial well-being of pre-retirement employees in private educational institutions. The sample consisted of 38 employees aged 40–59, divided into treatment and control groups. The treatment group participated in a 12-week program. Data was analyzed using Two-Way Repeated Measures MANOVA and content analysis. Results showed that the treatment group demonstrated significantly higher levels of positive financial behavior than the control group, with sustained behavioral improvements throughout the follow-up period. Qualitative findings reflected continuous changes in attitudes and behavior through learning activities such as games, one-on-one counseling, and peer experience sharing. These activities enhanced motivation and self-awareness. In line with the Theory of Planned Behavior and Social Cognitive Theory, the program has the potential for adaptation in other target groups.
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