Analysis the effect of financial literacy on financial planning for retirement (case study lecturers and administrative staffs in Universitas Indonesia)

This study is to analyze the level of financial literacy and retirement preparation on lecturers and administrative staffs at the Universitas Indonesia and analyze the effect of financial literacy on retirement planning. This study uses a simple linear regression. The study was conducted on 120 respondents consist of lecturers and administrative staffs at the Universitas Indonesia. The results of this study are the level of financial literacy in respondents is less literate and the level of retirement preparation at the medium level. So it was found there was an influence of financial literacy on retirement planning on lecturers and administrative staffs in Universitas Indonesia.