Retirement Saving Behavior: The Case of Bank Officers in Bangkok Metropolitan Area

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Kanokkarn Sungkanon
Worapong Joungrattanakamjorn
Chakrit Srisakun


This study aimed to study the behavior of saving for retirement of commercial bank employees in Bangkok and its vicinity. In addition, the results of the study showed that the behavior of saving, especially the behavior of saving for retirement. Currently, Thailand has more diversified investments to achieve a better understanding of the saving behavior of the target sample in order to make an effective plan for their upcoming retirement. For this study, data was collected. The questionnaire was used to survey 370 samples from 400 samples because the 30 samples did not have sufficient income after deduction for retirement savings. In the most cases, the samples have a savings plan for retirement about 11-15 years in advance. As for the factors that affect the savings, increasing income was the most important factor that affected investment for retirement, and it has a positive correlation with saving. Among these factors, it was found that their investments were focused on investing in medium risk assets. People aged 44 and over were the most group who prepared to retire compared to other groups. In addition, the study found that the education level and length of service was positively correlated with retirement savings. On the other hand, expenditures had a negative correlation with the savings portion.


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Sungkanon, K. . ., Joungrattanakamjorn, W. . ., & Srisakun, C. . (2020). Retirement Saving Behavior: The Case of Bank Officers in Bangkok Metropolitan Area . Dusit Thani College Journal, 14(3), 479–490. Retrieved from
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