The Sustainable Retirement Planning and Management: A Case Study of Chetsamian Community, Photaram District, Rachaburi Province

Sirikarn Tirasuwanvasee; Lalida Joomsoda

doi:10.57260/rcmrj.2023.260468

Authors

Sirikarn Tirasuwanvasee Faculty of Business Administration, Rajamangala University of Technology Phra Nakhon, Thailand
Lalida Joomsoda Faculty of Business Administration, Rajamangala University of Technology Phra Nakhon, Thailand

DOI:

https://doi.org/10.57260/rcmrj.2023.260468

Keywords:

Aged society, Financial planning, Management, Planning for retirement

Abstract

Sufficient and sustainable well-being of Thai citizens has been the main government’s objective for national development whether it is about the good health of the people or the country's economy. The main goal of the government is to assure that everyone can live happily, without torment, no matter which state in life they are - working or retired, everyone has to be able to live comfortably. Despite the government's policy to support the elderly, in reality of the welfare of the state for the elderly seems to be inadequate. At present, it can be seen that the elderly population is increasing, but they are still unable to sustain themselves. There is also a problem that most of the working-aged people still lack in knowledge for effective preparation for retirement. The objectives of this study were: 1) to study the attitude and behavior of aging people by analyzing the data from working age people; 2) to develop the planning and management approach in order to sustain the living in retirement age; and 3) to study the problems before and after retirement by analyzing the data from working age people from 25 to 59 years old. Quantitative method was used in this study. The results showed that working-aged people should plan for the retirement in order to live financial sustainably. The government can encourage people from every sectors to learn about financial planning for retirement together in order to promote health and well-being of the retirement.

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