Abstract:
The awareness of retirement confidence has been found to be low in many people,
especially in women. According to HSBC (2015), men are more confident than
women regarding in preparing retirement savings. Around 38% of women
respondents are less confident than men. Much of previous studies and research has
found retirement confidence is influenced by financial literacy and mediated by
financial management practices. This study aims to examine the influence of
financial literacy, financial management practices and retirement confidence among
Jakarta women whose has age 25 – 55 years and working in private sectors. This
research conducted on Jakarta women which working in private sectors and have as
the respondents. The total of respondent was 260 respondents. Data analysis using
structural equation modeling (SEM) to indicate the influence of financial literacy,
financial management practices on retirement confidence of the respondents. Result
found that financial literacy has influenced retirement confident indirectly and
mediated by financial management practices as mediating role.
