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Conference Paper: Silver finance–asset management of elderly people in the modern era

TitleSilver finance–asset management of elderly people in the modern era
Authors
Issue Date2020
PublisherOxford University Press. The Journal's web site is located at https://academic.oup.com/innovateage/
Citation
Gerontological Society of America (GSA) Annual Scientific Meeting 2020: Turning 75: Why Age Matters, Webinar, 4-7 November 2020. In Innovation in Aging, 2020, Vol. 4, No. S1, p. 441-442 How to Cite?
AbstractThis study aims to explore the elderly people’s knowledge, attitude, and understandings toward financial management, and how they behave in using IT-supported financial services. Mixed methodologies, including quantitative street survey and qualitative focus group interviews, are used. The result shows an active involvement with investment market of the mature segments despite claiming safe and stable returns as the paramount principle of asset management. They also have a substantial knowledge on some of the technological-enabled financial services, particularly the younger groups (age 50-59). Cybersecurity is their major concern and barrier on whether to use them or not. Besides, their value and behaviors of buying mature adult financial products should be understood within a context of traditional family culture value. Based on the above analysis, the elderly can be categorized into three major types in using IT-supported financial products and services, including proactive users, passive followers and hard opposition. On the one hand, this research breaks up the outdated stereotype of technology use among elderly people; on the other hand, aged people are facing the challenges of cognitive and physical decline led by ageing. As such, it is essential to conduct specific financial literacy intervention. This project brings new insights into the financial education which is appropriate to the elderly.© The Author(s) 2020. Published by Oxford University Press on behalf of The Gerontological Society of America.
DescriptionSession 2964 (Poster)
Persistent Identifierhttp://hdl.handle.net/10722/302103
ISSN
2023 Impact Factor: 4.9
2023 SCImago Journal Rankings: 1.052
PubMed Central ID

 

DC FieldValueLanguage
dc.contributor.authorYang, LF-
dc.contributor.authorCheung, KH-
dc.contributor.authorCheung, KT-
dc.contributor.authorLou, VW-
dc.date.accessioned2021-08-21T03:31:37Z-
dc.date.available2021-08-21T03:31:37Z-
dc.date.issued2020-
dc.identifier.citationGerontological Society of America (GSA) Annual Scientific Meeting 2020: Turning 75: Why Age Matters, Webinar, 4-7 November 2020. In Innovation in Aging, 2020, Vol. 4, No. S1, p. 441-442-
dc.identifier.issn2399-5300-
dc.identifier.urihttp://hdl.handle.net/10722/302103-
dc.descriptionSession 2964 (Poster)-
dc.description.abstractThis study aims to explore the elderly people’s knowledge, attitude, and understandings toward financial management, and how they behave in using IT-supported financial services. Mixed methodologies, including quantitative street survey and qualitative focus group interviews, are used. The result shows an active involvement with investment market of the mature segments despite claiming safe and stable returns as the paramount principle of asset management. They also have a substantial knowledge on some of the technological-enabled financial services, particularly the younger groups (age 50-59). Cybersecurity is their major concern and barrier on whether to use them or not. Besides, their value and behaviors of buying mature adult financial products should be understood within a context of traditional family culture value. Based on the above analysis, the elderly can be categorized into three major types in using IT-supported financial products and services, including proactive users, passive followers and hard opposition. On the one hand, this research breaks up the outdated stereotype of technology use among elderly people; on the other hand, aged people are facing the challenges of cognitive and physical decline led by ageing. As such, it is essential to conduct specific financial literacy intervention. This project brings new insights into the financial education which is appropriate to the elderly.© The Author(s) 2020. Published by Oxford University Press on behalf of The Gerontological Society of America.-
dc.languageeng-
dc.publisherOxford University Press. The Journal's web site is located at https://academic.oup.com/innovateage/-
dc.relation.ispartofInnovation in Aging-
dc.relation.ispartofGerontological Society of America (GSA) Annual Scientific Meeting 2020-
dc.titleSilver finance–asset management of elderly people in the modern era-
dc.typeConference_Paper-
dc.identifier.emailYang, LF: franyang@hku.hk-
dc.identifier.emailLou, VW: wlou@hku.hk-
dc.identifier.authorityLou, VW=rp00607-
dc.description.natureabstract-
dc.identifier.doi10.1093/geroni/igaa057.1427-
dc.identifier.pmcidPMC7741853-
dc.identifier.hkuros324587-
dc.identifier.volume4-
dc.identifier.issueSuppl. 1-
dc.identifier.spage441-
dc.identifier.epage442-
dc.publisher.placeUnited States-

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