Hira and Mugenda, 1998

Hira, T. K. & Mugenda, O. (1998). Predictors
of financial satisfaction: Differences between retirees and non-retirees 
Financial Counseling and Planning, 9(2), 75-83.

Tahira K. Hira⁽¹⁾
and Olive M. Mugenda⁽²⁾

The main purpose of this study was to identify differences
in factors that predict financial satisfaction among retirees and non-retirees
and to ascertain how retirees and non-retirees differ in financial beliefs
and behavior. Non-retirees were more likely than otherwise similar retirees
to report worrying about finances. A higher proportion of non-retirees
reported dissatisfaction with various aspects of their financial situation.
However, non-retirees were more likely to perceive themselves as financially
better off in comparison to others, or in relation to the past, than the
retired respondents. Non-retirees were more optimistic about their future
financial situation.

Key Words: Financial situation, Retirees, Satisfaction

1. Tahira K. Hira, Professor, Iowa State University
, 1096 LeBaron, Ames, IA, 50010. E-mail: tkhira@iastate.edu

2. Olive M. Mugenda, Associate Professor, Kenyata
University, Nairobi, Kenya. E-mail: omugenda@nbnet.co.ke