LBEF RESEARCH JOURNAL OF SCIENCE, TECHNOLOGY AND MANAGEMENT

Author(s):Rishab Pandit, Anwesha Sthapit

Abstract:This study investigates the relationship between saving patterns and retirement planning among corporate salaried employees, with a focus on how demographic factors, financial literacy, income level, and family education influence financial behavior and wealth generation. Using a quantitative research methodology, main data was gathered by means of a structured questionnaire sent to 410 corporate salaried employees, chosen under Cochran's sample technique. The study looked at the interaction of factors including family education, financial literacy, and income level and saving behavior in wealth generation using descriptive statistics, correlation, and multiple regression analysis. Important results show that wealth generation and retirement planning are much influenced by income level and financial literacy. Higher income and financial literacy respondents typically participate more actively in saving, investing, and retirement planning therefore, supporting the premise that long-term financial success depends critically on financial knowledge and tools. Though its effect on retirement planning was less clear-cut, family education also had a modest impact, especially in determining wealth generating tactic. The study emphasizes generally the need of raising financial awareness and encouraging consistent saving practices to increase people's capacity to plan for retirement and generate wealth. The study implies that policy interventions and financial education programs emphasizing on raising financial literacy and offering clearer direction on retirement planning could have a major positive impact on individuals’ financial behaviors, so promoting more financial stability and long-term prosperity.

Keywords:Financial Literacy, Saving Patterns, Retirement Planning, Wealth Generation, Income Level, Family Education, Corporate Employees