Financial Literacy and Retirement Planning Behavior Among Adults in Uganda
| dc.contributor.author | Tracy Vivian Asege | |
| dc.date.accessioned | 2026-05-13T09:40:26Z | |
| dc.date.available | 2026-05-13T09:40:26Z | |
| dc.date.issued | 2026-04-14 | |
| dc.description | Undergraduate | |
| dc.description.abstract | This paper has explored the significance of financial literacy as a motivation of retirement planning behaviour among Ugandan adult people based on three aspects: financial knowledge, the ability to compute financial education and heterogeneity by gender and education level. The research was based on a cross sectional quantitative design using primary data of the 2025 Uganda Financial Literacy Survey of 52 working adults. Four hypotheses were tested by using descriptive statistics and correlation analysis as well as ordinary least squares (OLS) regression with log linear specification and an interaction term. The findings indicated that financial knowledge ( = 0.182, p < 0.01) financial education (= 0.134, p < 0.05), and computation capability ( = 0.156, p < 0.01) significantly positively influenced retirement planning behaviour, with financial knowledge having the most significant effect. The advantages were not, however, evenly shared: male and higher educated adults had stronger literacy planning relationships, which was measured by significant interaction terms and subgroup regressions. The model was able to explain 61-68% of the variation in the retirement planning. The researchers conclude that financial literacy improves retirement preparedness; however, women and less educated adults who receive less benefit need specific interventions. Suggestions can be made to incorporate financial literacy into school curricula, increase gender sensitive education programmes, enhance training on computation skills, and enroll vulnerable population groups in formal pensions. Keywords: financial literacy, financial knowledge, ability to compute, financial education, retirement planning, Uganda. | |
| dc.identifier.uri | https://hdl.handle.net/20.500.12311/3289 | |
| dc.language.iso | en | |
| dc.publisher | Uganda Christian University | |
| dc.title | Financial Literacy and Retirement Planning Behavior Among Adults in Uganda | |
| dc.type | Dissertation |