Financial planning for retirement amongst South African professional soccer players
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Date
Authors
J Maseko
J Surujlal
Journal Title
Journal ISSN
Volume Title
Publisher
The Global Business and Technology Association
Abstract
Logically, financially-educated individuals should make better financial decisions for their families, increasing their economic security and well-being. The purpose of this study was to explore the financial planning and personal financial management of South African professional soccer players. In the process, a variety of issues were investigated. The research focused on the following important question: Why is financial literacy important particularly for soccer players who experience short-lived soccer careers. A quantitative research design involving the administration of a two-section questionnaire was adopted for the study. It was concluded that most professional soccer players plan poorly for their future because of a lack of financial literacy which results in them not being adequately prepared for the transition into retirement. Recommendations on the findings were made and the implications for future research outlined.
Description
Global Business and Technology Association Fifteenth Annual International Conference (GBATA), Helsinki, Finland, 2-6 July 2013
Keywords
Citation
Maseko, J. & Surujlal, J. 2013. Financial planning for retirement amongst South African professional soccer players. In: Global Business and Technology Association Fifteenth Annual International Conference (GBATA), Helsinki, Finland, 2-6 July 2013.