A comparative study of financial literacy, retirement planning and delinquency in payment: the Kazakhstan case

Financial knowledge is assumed to help people in making good choices in their financial attitude and behaviour. Financial literacy, retirement planning and delinquency in payment were studied in different regions of Kazakhstan in both 2015 and 2019. Questionnaires were distributed among different groups of the population. Excluding invalid and unsuitable answers for the analysis, the total number of survey responses resulted was 830 for 2015 and 983 for 2019. The authors analyzed the responses to questions regarding financial attitude/behaviour such as Retirement Planning, Delinquency in payments, and the frequency of making Money Decisions.