Understanding Retirement Savings among Mid-Career African-American Professionals Using Theory of Planned Behavior
Benjamin K. Ofili

Abstract
This qualitative study was designed to understand participation and behavioral intent of mid-career African-American professionals toward retirement savings plans using the theory of planned behavior. Twenty individuals were interviewed as the study looked at several factors that are believed to influence decisions concerning saving for retirement. The study also examined the impact of attitude, subjective norm, and perceived behavioral control on behavioral intent of the subjects regarding their behavior to participate in a retirement savings plan. This research raises questions about the habit of prior participation, its implication in determining behavioral intent and the effect on behavior. Finally, this study contributes to future research on seeking an effective alternative solution to improving participation in retirement savings among African-Americans.

Full Text: PDF