Year: 2025
Type: article
Study design: Observational Study
Abstract: In this study, we examine the impact of financial and pension ignorance (information avoidance) on the decisionmaking process for long-term savings. We define the concept of pension ignorance, as active avoidance of retirement information, failure to make decisions regarding retirement savings, and a lack of strategic retirement planning. To assess financial ignorance, we utilized the scale developed by Barrafrem et al. (2024), while pension ignorance was evaluated using the scale designed by the authors. The study was conducted with a sample of 1,200 Polish residents aged 18 to 65, using the Computer-Assisted Web Interviewing (CAWI) method. The findings reveal that both pension and financial ignorance play a significant role in explaining individuals’ willingness to save for the long term.
Authors: Agata Olechowicz-Szewczyk, Elżbieta Babula
Institution: University of Gdańsk
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: diamond
Funder: Narodowe Centrum Nauki
OpenAlex ID: W4410518012