[What is the impact of the recent financial crisis on savings and retirement planning among the working population aged between 20-40 years?]

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Acknowledgement

I would take this opportunity to thank my research supervisor, family and friends for their support and guidance without which this research would not have been possible.

DECLARATION

I, [type respondents' full first names and surname here], declare that the contents of this dissertation/thesis represent my own unaided work, and that the dissertation/thesis has not previously been submitted for academic examination towards any qualification. Furthermore, it represents my own opinions and not necessarily those of the University.

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Abstract

This paper highlights the impact of current recession on the retirement plans for the individuals aged between 40 to 60 years. The first chapter provides an introduction for this topic, followed by the literature review in the second chapter. Chapter three covers the methodology while results, findings and analyses are presented in chapter four. The fifth chapter concludes this dissertation. The aims of the study is to highlight the influence of latest financial crisis of 2008 have had on proficiency and mind-set considering the savings and retirement planning inside creative or middle age in Britain. Research was founded on a quantitative method. Current publications were analysed on subject and matching released researches and their outcome to present weather setting up their relevance in lightweight of seeking to reveal new applicable data which could one-by-one and enterprise conclusions now and in foreseeable future. This study uses a new data to quantify the result of recession on retirement decisions. This data set contained information from England on retirement plans for elders aged between 40 and 60 years. The methodology takes into account correlated unobserved heterogeneity. Variability of financial incentives through a series of restructuring, which delivered very strong both access to and compensation for social security benefits in Great Britain influenced in the late 2000s

Table of Contents

CHAPTER 1: INTRODUCTION6

Background of the study6

Project Rationale7

Research Aims and Objectives7

Project Aims7

Project Objectives7

Rationale/ Nature of the study8

Research Question8

Introduction9

Investigation regarding retirement10

CHAPTER 3: METHODOLOGY12

Research Design12

Research Philosophy12

Research Strategy13

Data Generation Method13

Data Analysis15

Sampling16

Ethics17

Limitations of the Study18

Conclusion19

CHAPTER 4: DISCUSSION AND ANALYSIS20

Introduction20

Questionnaire Analysis21

Interview Analysis22

Discussion24

Research Question 1:25

Research Question 226

Research Question 3:28

Research Question 4:30

Research Question 5:32

Conclusion36

CHAPTER 5: CONCLUSION38

Conclusions38

Recommendations38

Coping with Unemployment38

More Optimism in Short Term39

Reflection40

REFERENCES45

APPENDIX52

A.1 Formulae and additional assumptions56

Modeling wages59

Chapter 1: Introduction

Background of the study

The latest recession has reduced in a series of jobs, to reduce economic market, produced dramatic plot in the real standards and many other setback. And the signal continues to come to the retired and also those who are in the edge of their retirements. They are absolutely feeling the heat from it.

As the recession destabilises the world economy, one of the segments that feel their heat at the first example is certainly in the labor market. Organisations need to reduce costs, cut down in production of labor continue. Many had to move their jobs in a recession. After a review of AARP, 30 per cent of Britons aged 45-64 have had layoffs are mounting, but had to yield with a troubleshoot ...