THE MODERATING RELATIONSHIP BETWEEN FUTURE SELF-CONTINUITY AND NUMERACY ON RETIREMENT SAVINGS
2024
Future Self-Continuity and Retirement Savings
Sample size: 798
publication
Evidence: high
Author Information
Author(s): Mooney Laken, Best Ryan
Primary Institution: West Virginia University
Hypothesis
The study investigates how future self-continuity and numeracy affect retirement savings.
Conclusion
Higher numeracy skills lead to greater retirement savings for individuals with a strong connection to their future selves.
Supporting Evidence
- The study found a significant interaction between numeracy and future self-continuity in predicting retirement savings.
- Increased numeracy predicted greater savings for individuals with high future self-continuity.
Takeaway
If you can understand numbers well and feel connected to your future self, you're more likely to save money for retirement.
Methodology
Data was analyzed using a zero-inflated Poisson model from the RAND American Life Panel.
Statistical Information
P-Value
<0.001
Statistical Significance
p<0.001
Digital Object Identifier (DOI)
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