Table 3.
Correlations between talking to each source about retirement and indices of retirement preparation
| Variable | Parents | Siblings | Other family | Friends | Significant others | Co-workers | Financial advisors | Internet forums | Other sources |
|---|---|---|---|---|---|---|---|---|---|
| Frequency of talking about retirement | .18 | .22 | .17 | .11 | .16 | .18 | .19 | .08 | − .30 |
| Importance of learning about retirement | .17 | .04 | .05 | .07 | .11 | .08 | .12 | .02 | − .15 |
| Likelihood of retiring | .11 | .02 | .03 | .03 | .05 | .03 | .07 | .01 | − .08 |
| Anticipated retirement age | .01 | .05 | .00 | − .02 | − .03 | − .03 | − .04 | − .04 | .04 |
| Perceived retirement knowledge compared to peers | .11 | .10 | .08 | .08 | .20 | .11 | .16 | .05 | − .20 |
| Successful retirement compared to parents | − .04 | .07 | .08 | .03 | .03 | .03 | .04 | .00 | − .06 |
| Successful retirement compared to grandparents | − .01 | .07 | .06 | .05 | .04 | .05 | .07 | − .03 | − .04 |
| Perceived retirement deposit rate of full-time workers | .03 | .03 | .05 | .07 | .04 | .09 | .10 | − .03 | .01 |
| Anticipated retirement contribution rate in full-time job | .06 | .01 | .01 | .06 | .07 | .03 | .07 | − .02 | .01 |
| Rank of workplace retirement beneits | − .04 | − .07 | − .01 | − .01 | − .03 | .08 | − .05 | .02 | .06 |
| Money allocated for retirement | .04 | .05 | .04 | .02 | − .04 | .02 | .07 | .04 | − .02 |
| Positive affect | .08 | .09 | .06 | .07 | .14 | .08 | .16 | .04 | − .19 |
| Negative affect | .02 | .02 | − .02 | .04 | .00 | .07 | − .01 | .06 | − .06 |
All rs ≥ 10 are statistically significant at p < .0001 with the exception of the italicized coefficients, which are less than .10 prior to rounding and should not be interpreted as being “statistically significant”