PERSONAL FINANCIAL PLANNING FOR THE RETIREMENT OF GEN Y IN PHRAYA PRASIT COMMUNITY, DUSIT DISTRICT, BANGKOK

The objectives of this research were: 1) to study the level of personal financial planning for Gen Y's ability to live in retirement in Phraya Prasit community, Dusit District, Bangkok, 2) to compare the level of personal financial planning for Gen Y to be able to live in retirement age in Phraya Prasit Community, Dusit District, Bangkok classified by personal factors. The sample group used in this research was 200 people living in Phraya Prasit community, Dusit District, Bangkok more than 5 years and over to whom were born during 1997-1982, with ages between 25-40 years old. Statistics used to analyze the data were percentage, mean, standard deviation, t-test, and analysis of variance. The statistical significance was determined at the 0.05 level. The results of the study showed that most of the people who live in Phraya Prasit Community, Dusit District, Bangkok with ages between 25-40 years and have lived in the area for 5 years or more were females with ages between 36-40 years old, they were singles, most of them were students, having a bachelor's degree, and earn less than 25,000 baht per month. The overall value of personal financial planning for Gen Y to be able to live after the retirement in Phraya Prasit community, Dusit district, Bangkok was at a very high level. When considering each aspect separately, it was found that spending and savings were at the highest level, followed by reflection before purchasing, solution of financial problems, setting long-term financial goals, savings patterns, and data comparison before making decision respectively. The differences of personal factors have no relationship with the personal financial planning at the statistical significant value of 0.05.