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Table 2 UNIVARIABLE ANALYSIS of demographic variables associated with the intention to completely retire from the workforce for Baby Boomers aged 50+
| n/N | % | OR (95% OR) | p value | |
|---|---|---|---|---|
| Sex | ||||
| Male | 87/407 | 21.4 | 1.00 | |
| Female | 123/406 | 30.4 | 1.61 (1.17 - 2.21) | 0.003 |
| Education | ||||
| Bachelor degree or higher | 23/154 | 14.9 | 1.00 | |
| Certificate/Diploma | 40/185 | 21.4 | 1.56 (0.88 - 2.74) | 0.125 |
| Trade/apprenticeship | 35/130 | 26.7 | 2.08 (1.16 - 3.75) | 0.015 |
| No schooling to secondary | 95/274 | 34.8 | 3.05 (1.83 - 5.07) | <0.001 |
| Marital Status | ||||
| Married or living with partner | 166/650 | 25.6 | 1.00 | |
| Other | 44/162 | 27.1 | 1.08 (0.73 - 1.60) | 0.692 |
| Household income per year | ||||
| $80,001+ | 87/335 | 26.1 | 1.00 | |
| $40,001-$80,000 | 73/275 | 26.6 | 1.02 (0.71 - 1.47) | 0.903 |
| $0 - $40,000 | 36/133 | 26.9 | 1.04 (0.66 - 1.64) | 0.861 |
| Not stated/refused/don't know | 14/69 | 20.1 | 0.71 (0.38 - 1.35) | 0.296 |
| Given your current financial needs would you say you are… | ||||
| Very comfortable | 34/147 | 23.1 | 1.00 | |
| Reasonably comfortable | 122/473 | 25.9 | 1.16 (0.75 - 1.79) | 0.502 |
| Just getting along | 53/191 | 27.6 | 1.27 (0.77 - 2.08) | 0.351 |
| Household structure | ||||
| Parents biological/step/blended/sole with children | 57/244 | 23.2 | 1.00 | |
| Adults with no children | 154/568 | 27.0 | 1.22 (0.86 - 1.74) | 0.259 |
| Description of saving habits | ||||
| Don't save | 21/121 | 17.7 | 1.00 | |
| Save but no regular plan to Save regularly | 189/691 | 27.3 | 1.75 (1.07 - 2.87) | 0.027 |
| Overall | 210/812 | 25.9 |
