Sarah Asebedo, Ph.D., CFP® successfully defended her doctoral dissertation in May. Her dissertation was titled: Three essays on financial self-efficacy beliefs and the saving behavior of older pre-retirees. Asebedo’s research employed a psychological framework to investigate the saving behavior of older pre-retirees through three essays using data from the Health and Retirement Study (HRS). Understanding the connection between psychological characteristics and saving behavior is critical as this population attempts to bridge the retirement saving gap. Of these characteristics, financial self-efficacy beliefs (FSE) are theoretically vital to saving behavior. With the FSE beliefs of older adults weak and vulnerable to decline, more research is needed to understand how FSE beliefs affect saving behavior and how FSE beliefs can be supported.
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