General aspects and financial concepts about retirement from the point of view of young university students.

Abstract

The amount of retirement pensions depends on the individual savings accumulated in specialized retirement accounts, which are not only based on contributions, but also on financial decisions that, ideally, people should make from their youth. This paper analyzes the age at which young university students stated that they understood general aspects and financial concepts focused on retirement. It was studied whether the influence of parents in relation to saving, financial behavior and financial attitudes, have an impact on the age at which the students declared to understand them. Sufficient statistical evidence was found to assert that only financial attitudes do determine age.