Beyond Health and Wealth: Predictors of Women's Retirement Satisfaction

Abstract

Despite empirical support for the positive effects of health and wealth on retirement satisfaction, alternative variables also play a key role in helping to shape women's assessment of retirement. In the present study, we explore personal and psychosocial predictors of women's retirement satisfaction while controlling for financial security and health. Data from 330 retired women were analyzed using stepwise regression analysis. Results indicate the most significant predictors of women's retirement satisfaction are self-esteem, mastery, emotional support, and ethnicity. Financial security remained a significant predictor of satisfaction; whereas health did not. Suggestions are made to recognize the importance of women's psychological health in retirement, examine different types of social support in relation to stage of retirement, and incorporate diverse audiences in women's retirement research.