Preventing financial vulnerability during retirement: cumulative risk factors and impactful interventions
Pensions are vital for ensuring financial well-being after retirement, but many Dutch retirees remain financially vulnerable. The considerable proportion of Dutch retirees facing financial vulnerability is problematic as such difficulties may result in financial stress, which can ultimately negatively affect people’s health and well-being.
This study investigates how various life course risk factors—such as education, work history, family planning, home ownership, health, and social and institutional capital—in combination contribute to financial vulnerability. The study also looks at how lacking financial, functional, and digital skills impacts vulnerability. By identifying combinations of risk factors, particularly among vulnerable groups like women, migrants, and the self-employed, the study seeks to develop targeted interventions to enhance financial resilience. This approach involves collaboration with pension policymakers and the creative industry to align with current initiatives and utilize advanced design methods.
Funding
NETSPAR theme grant, with partial funding from PPS from the Ministry of Economic Affairs and Climate through CLICKNL.