RETIREMENT PREPAREDNESS AMONGST WORKING ADULTS IN KAZAKHSTAN

Аннотация

Today, the topic related to the retirement planning and the future of a person at retirement age is
relevant, because the aging of the nation is going on all over the world. All countries of the world are engaged in the
study of this topic. However, for Kazakhstan, this topic is still not sufficiently developed, and there is a great potential for research and improvement. In Kazakhstan, the number of elderly people is also increasing, and retirement
planning is important. This study aims to determine how the citizens of Kazakhstan plan for their retirement; their
long-term care and what level of financial literacy they have in relation to pension accrual. In addition, it was clarified on what factors the final decision of people regarding retirement planning. The study was conducted in the form
of interviews with 10 respondents. Each of them shared their opinion, experience and perspective on their financial
matter in responding to retirement planning