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dc.contributor.authorJohnson, Malcolmen_US
dc.contributor.editorTina Harrisonen_US
dc.date.accessioned2017-05-03T15:09:50Z
dc.date.available2017-05-03T15:09:50Z
dc.date.issued2008en_US
dc.date.modified2012-06-29T05:18:53Z
dc.identifier.issn13630539en_US
dc.identifier.doi10.1057/fsm.2008.19en_US
dc.identifier.urihttp://hdl.handle.net/10072/22311
dc.description.abstractMotivated by industry concerns that baby-boomers are neglecting to plan for an eventual retirement, this study examines perceptions about the importance of financial means in contributing to their quality of life. Framed by means-end chain analysis and scholarship in consumer evaluations of life satisfaction, a number of theoretical expectations are empirically confirmed. Findings indicate that financial means are not high in the order of life domains that contribute to respondent quality of life. Retirement planning relies predominantly on compulsory superannuation contributions from employers, with the assumption that this would provide sufficient income to maintain their current lifestyle. Prior to retirement, respondents reported being more preoccupied with funding children's education costs and home mortgage payments. They also wished to avoid the embarrassment of approaching a financial planner until they had a reasonable sum that required more skilful investment advice. Finally, it was revealed that gender had an influence on the priority given to financial means and subsequent decisions to seek financial planning advice. These findings confirm the importance for financial planners to determine the core motivations and subordinate means through which baby-boomers envisage achieving quality of life on the journey into retirement.en_US
dc.description.peerreviewedYesen_US
dc.description.publicationstatusYesen_US
dc.languageEnglishen_US
dc.language.isoen_US
dc.publisherPalgrave Macmillanen_US
dc.publisher.placeUnited Kingdomen_US
dc.relation.ispartofstudentpublicationNen_US
dc.relation.ispartofpagefrom245en_US
dc.relation.ispartofpageto258en_US
dc.relation.ispartofissue3en_US
dc.relation.ispartofjournalJournal of Financial Services Marketingen_US
dc.relation.ispartofvolume13en_US
dc.rights.retentionYen_US
dc.subject.fieldofresearchcode350301en_US
dc.titleQuality of life aspirations: Exploring baby-boomer financial means-end goal structuresen_US
dc.typeJournal articleen_US
dc.type.descriptionC1 - Peer Reviewed (HERDC)en_US
dc.type.codeC - Journal Articlesen_US
gro.facultyGriffith Business School, Department of Accounting, Finance and Economicsen_US
gro.date.issued2008
gro.hasfulltextNo Full Text


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