Ageism-based Economic and Social Contributions of Pension Facilities: A Study on an Emerging Nation

Abstract

This research delves into the intersection of education, social attitudes, and financial security in later life, shedding light on the potential of education to mitigate ageism and promote pension participation. Understanding the factors that influence attitudes toward aging and retirement is crucial for developing inclusive policies and interventions to support older individuals and enhance their financial well-being. By conducting surveys considering the people of Khulna district as the target audience, this research has been able to find out the important issues in pension and its impact on ageism. The study explores the relationship between pension participation, ageism, and social activities among individuals, particularly focusing on the influence of feeling undervalued, age-related barriers, and pension engagement. Demographic analysis reveals that pension recipients tend to be older, have higher education levels, and larger families compared to non-recipients, indicating potential factors influencing pension eligibility and social dynamics. Attitudes and perceptions regarding ageism and social activities vary, with both pension recipients and non-recipients experiencing similar levels of age-related stereotypes and barriers to employment. Correlation analysis highlights significant relationships between feeling undervalued, retirement income importance, age barriers to employment, and belief in pension systems reducing ageism. Policy recommendations include promoting inclusive social activities, enhancing financial literacy, addressing age-related employment barriers, promoting supportive family networks, investing in education, and skill development to combat ageism and ensure financial security during retirement. Higher education levels are associated with a greater understanding of social issues related to aging and increased participation in pension-related activities. Comprehensive policies and interventions are needed to address age-related barriers and enhance financial security among older individuals