000			02947nam a22002417a 4500
003			FT8758
005			20251028130428.0
008			251028b ||||| |||| 00| 0 eng d
041			_aengtag
050			_aHG179 L56 2025
082			_a.
100	1		_aLingat, Angela Gwyneth C.; Barela, Kelxie Anne M.; David, Althea Czarina D.; Feliciano, Micaelah Z.; Garing, Elmo Timothy C.; Quimson, Alessandra Mae G.
245			_aFinancial behavior on potential personal equity and retirement account participation: Basis for a retirement readiness program
264		1	_aManila: _bPLM, _cc2025
300			_bBusiness Research: (BSBA major in Financial Management) - Pamantasan ng Lungsod ng Maynila, 2025
336			_2text _atext _btext
337			_2 unmediated _a unmediated _b unmediated
338			_2volume _avolume _bvolume
505			_aABSTRACT: The study measured the effect of financial behavior on the potential Personal Equity and Retirement Account (PERA) participation and millennials working in the banking industry in the City of Manila, to serve as a basis for a retirement readiness program. The research employed descriptive-correlational design and a quota sampling technique to target 150 respondents, resulting in 100 gathered respondents, a 67% retrieval rate across the districts of the City of Manila. The data was interpreted using regression analysis after defining the level of disciplined financial behavior shown by the respondents as well as their potential PERA participation through the tools—mean and dispersion. This served to determine the factors motivating engagement in the provident savings plan. The findings revealed that financial behavior (R = 0.37) has a significant positive effect on PERA participation with saving behavior (p-value = 0.019) playing a substantial role. This shows that saving behavior can be highlighted as a factor to positively affect PERA participation among this age group. Financial behavior only has a modest effect on PERA participation, serving as one of many predictors for PERA participation with an observed gap between intent and actual behavior. Theoretical implications emphasized contradictions with Life Cycle Theory with planning not fully transmitting to actual changes in behavior. The study contributed evidence-based insights by filling in the gaps of existing literature in the PERA program started by the Philippine government a decade ago. The significance of this study lies in the finding out the reasons for low participation rates in the program and advocating for its higher participation to enhance long-term financial planning and growth. The study proposed actionable recommendations for millennials to participate in PERA to secure their financial future and for financial institutions in making their services accessible and tailored towards empowering long-term financial security.
526			_aF
655			_aacademic writing
942			_2lcc _cMS
999			_c37002 _d37002