Skip to main content

Advertisement

Table 2 UNIVARIABLE ANALYSIS of demographic variables associated with the intention to completely retire from the workforce for Baby Boomers aged 50+

From: A survey of retirement intentions of baby boomers: an overview of health, social and economic determinants

  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