[EVENT ONLINE] How Financial Events in Life Impact Present Economic Status of the Elderly

Lecture will be in Korean.

Image provided by Connor Hall on Unsplash (Cropped)

Professor Sejeong Yang, Department of Finance and Economics, Sangmyung University

Tuesday, November 24, 2020
2:00 PM - 3:00 PM

Various financial events over the course of one's lifetime affect their current economic status. In an effort to better understand the relationships between financial events and the current economic status among the elderly aged over 65 years, Professor Sejeong Yang conducted in-depth interviews with 12 individuals and subsequently conducted a survey for 368 elderly individuals. In the study, she identifies four main categories of financial events that impact the current economic status of the elderly. The first category is "family-related," which include divorce and expenses for children, such as expenses for their education and marriage(s). The second category is "business and investment," including savings and housing rentals. Next is "historical events and incidents," such as wars, including the Korean War, and fraud, both of which may devastate one's financial status. The final category is "retirement," which signals the beginning of a new lifestyle. In this talk, Professor Yang will present her findings on how each of the four categories of financial events affect the current economic status of the elderly. 

* If you are interested in attending this talk, please email the Center (koreanstudies@international.ucla.edu) for a Zoom invitation.

koreanstudies@international.ucla.edu

Sponsor(s): Center for Korean Studies