Serious About Getting Old?: Variability of Individual Old Age Risk Management in Czechia.

The global trend of transferring responsibility for dignified aging from the state to individuals is conducive to a variability of alternative attitudes and strategies. Despite having important implications for both the state and individuals, the variability of old age risk management has not been fully appreciated by social policy. Social policy cannot adapt to every individual, but it can reflect various categories of citizens and their patterns of old age risk management. In this article, we navigate the plethora of individual choices by identifying patterns of strategic behavior in old age risk management in society. Based on our data from the original 2018 survey, representative for the Czech population, we identify four distinctive strategies: risk taking, risk avoiding, risk neglecting, and risk preventing. We conclude by discussing how the data gathered and analyzed through our research may help social policy actors better understand sources of variability and design more effective policy interventions.