Behavior and Factors Affecting Investment for Retirement of Teachers at Assumption College Sriracha Changwat Chon Buri

Abstract

The study aimed to study personal characteristics, saving behavior, financial investment behavior and factors affecting financial investment for retirement of teachers at Assumption College Sriracha. The primary data were collected by using questionnaire from 200 teachers at Assumption College Sriracha Changwat Chon Buri and analyzed by frequency, percentage, arithmetic mean, standard deviation and logit model.

The study on personal characteristics of teachers at Assumption College Sriracha revealed that most of respondents were female, aged between 46-55 years, graduated in bachelor’s degree, married, worked as teacher not over 5 years, had two members to foster, had unearned income, average monthly income 20001-25000 Baht, debt between 5,000-10,000 Baht per month and main debt concerned with housing/land. About saving and investing behavior, they saved 1-5,000 Baht per month which could be increased according to their revenues and most of them invested in bank deposit.

            The results from logit model showed that factors affecting investment for retirement of teachers at Assumption College Sriracha Changwat Chon Buri at a statistical significance level of 0.10 were experience, members to foster, unearned income, expenses on consumption, absolute security Investments, absolute return of investment, absolute of the growth investments (earnings/interest), investments distribution, power portfolio management, special privileges form investment, purchasing power reservation from investment and attitude on success in life.