FINANCIAL LITERACY & FINANCIAL PLANNING FOR RETIREMENT IN PAKISTAN: CASE OF ACADEMICIANS IN PUBLIC UNIVERSITIES OF KP

This study aimed to analysis financial literacy level and financial planning for retirement willingness of academicians in public universities of KP. Financial planning for the retirement and financial literacy has been a discussionable topic among researcher in the recent times because of their contribution in planning for peaceful life after retirement. In this paper researcher analyze financial planning for retirement and level of financial literacy academicians in public universities of KP, Pakistan. Quantitative research design was used and data was collected by using survey approach via convenient sampling. Questionnaire was distributed among sampled population of 275 different scale teachers. After analysis by using SPSS 25v findings elaborates positive and significant association among the study variables. The findings reveals that academicians who have enough financial knowledge are worried & steps forward for future financial strategies for life after retirement. They are looking for investment which will give them good & save returns in future. Results of study are helpful for financial institutions & government to divert focus toward financial literacy of individuals which helps them in making financial plans for retirement effectively. Faculty could use study's findings to develop curriculum that addresses impact of financial literacy on financial planning for retirement outcomes.