Praewpailin Janposri
The Role of Financial Literacy in Retirement Planning and Wealth Accumulation Among Self-employed Thai Workers
National Institute of Development Administration
paper explores effect financial literacy retirement planning wealth accumulation among selfemployed thai workers selfemployment expected show significantly increasing trend soon raising concerns saving retirement due lack social security pension provision therefore planning saving retirement becomes responsibility selfemployed maintain wellbeing retirement financial literacy found improve financial decisions wealth accumulation paper adopts financial literacy criteria organisation economic cooperation development dataset provided national statistical office study employed ordinary least squares probit regression financial literacy analysis results show three components financial literacy influential factors enhancing probability planning retirement among selfemployed workers moreover although financial knowledge financial behavior also reported positive impact increasing net worth across levels employment status financial attitude insignificant finally study suggests policymakers formulate various financial education programs financial seminars comply needs people different characteristics living conditions