Exploratory Analysis of Retirement Preparedness Among Working Professionals in Thrift Banks

This study examined the retirement preparedness of working professionals employed in thrift banks within the National Capital Region. Using a descriptive-correlational research design, data were collected from 259 respondents through a structured questionnaire. The instrument assessed three key dimensions of financial planning for retirement (FPR): capability, willingness, and perceived opportunities. Results showed that most respondents were young professionals aged 23–38, college graduates, and full-time employees with no financial dependents. The average capability score was 4.20, interpreted as moderately capable, while the average willingness score was slightly higher at 4.28, indicating a moderately willing attitude toward retirement planning. A significant positive relationship was found between capability and willingness (Pearson’s r = .755, p < .01). Despite these attitudes, many respondents were not actively engaged in available savings or investment opportunities. The findings highlight the need for enhanced financial education and programs that encourage early and effective retirement planning, especially among young professionals. Keywords: retirement preparedness, financial planning, capability, willingness, working professionals, thrift banks