Factors affecting Retirement Security
Dr. Aref Aghaei Hervani, Dr. Paul Link Hudson, Dr. Marouen Ben-Jebara, Dr. Sanela Porca

Abstract
This study explores the challenges facing the US population regarding financial security, particularly as it relates to retirement security. It extends the review of the literature regarding financial literacy education based on previous literature, investigating the role of financial literacy education as it relates to managing bills on time, budgeting techniques, and saving regularly, and investing in retirement accounts. Previous research on financial literacy knowledge is explored. Lack of knowledge may be a reason for not following recommended practices. Research shows that financial literacy knowledge may explain better cash-flow management, and savings and investment behaviors. The research focuses on a number of areas in which there is a disparity among White, Black, and Hispanics in the USA and it further investigates number of issues related to financial security related to minorities, including household income, savings and asset allocation issues, home ownership, pension plans, and retirement savings and retirement security issues. It presents recent information on a number of relevant financial variables that relate to minority retirement security.

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