Association between Financial Risk Tolerance and Locus of Control, Sensation Seeking for Pre-Retiree Baby Boomers
14 Pages Posted: 27 Sep 2018
Date Written: September 27, 2018
Financial risk tolerance is an important concept that helps financial planners recommend financial products to their clients. As the baby boomer generation approaches retirement, research to determine how these individuals perceive financial risk tolerance has grown exponentially. The present study examines the relationship between financial risk tolerance, locus of control, and sensation seeking of the baby boomers.
Keywords: financial risk tolerance, locus of control, pre-retiree baby boomers, sensation seeking
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