Saving Motives and Intention towards Saving of Bulgarian Pomaks

This research intends to shed light on the relation between individuals' saving motives and their intention towards saving, by examining the effect of background characteristics on a sample of 400 Bulgarian Pomaks. Findings revealed that future uncertainties consist the saving motive, which po...

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Main Authors: Nikolaos Satsios, Kostas Karamanis, Aikaterini Galanou, Ioannis Sotiropoulos
Format: Article
Language:English
Published: EconJournals 2020-04-01
Series:International Journal of Economics and Financial Issues
Online Access:https://www.econjournals.com/index.php/ijefi/article/view/9633
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author Nikolaos Satsios
Kostas Karamanis
Aikaterini Galanou
Ioannis Sotiropoulos
author_facet Nikolaos Satsios
Kostas Karamanis
Aikaterini Galanou
Ioannis Sotiropoulos
author_sort Nikolaos Satsios
collection DOAJ
description This research intends to shed light on the relation between individuals' saving motives and their intention towards saving, by examining the effect of background characteristics on a sample of 400 Bulgarian Pomaks. Findings revealed that future uncertainties consist the saving motive, which positively relates to the intention towards saving, with university graduates scoring higher on the saving intention scale than other educational groups. The implications of the findings are particularly important for the financial planners and educators since they are the ones who support Bulgarian Pomaks to maintain their standard of living and be prepared for financial uncertainty through saving. Keywords: Saving Motives, Intention towards Saving, Bulgarian Pomak JEL CLassifications: D10, D14.    DOI: https://doi.org/10.32479/ijefi.9633
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spelling doaj.art-eef91921bf654ed69ff0e820dff2a20d2023-02-15T16:09:26ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382020-04-01103Saving Motives and Intention towards Saving of Bulgarian PomaksNikolaos SatsiosKostas KaramanisAikaterini GalanouIoannis Sotiropoulos This research intends to shed light on the relation between individuals' saving motives and their intention towards saving, by examining the effect of background characteristics on a sample of 400 Bulgarian Pomaks. Findings revealed that future uncertainties consist the saving motive, which positively relates to the intention towards saving, with university graduates scoring higher on the saving intention scale than other educational groups. The implications of the findings are particularly important for the financial planners and educators since they are the ones who support Bulgarian Pomaks to maintain their standard of living and be prepared for financial uncertainty through saving. Keywords: Saving Motives, Intention towards Saving, Bulgarian Pomak JEL CLassifications: D10, D14.    DOI: https://doi.org/10.32479/ijefi.9633 https://www.econjournals.com/index.php/ijefi/article/view/9633
spellingShingle Nikolaos Satsios
Kostas Karamanis
Aikaterini Galanou
Ioannis Sotiropoulos
Saving Motives and Intention towards Saving of Bulgarian Pomaks
International Journal of Economics and Financial Issues
title Saving Motives and Intention towards Saving of Bulgarian Pomaks
title_full Saving Motives and Intention towards Saving of Bulgarian Pomaks
title_fullStr Saving Motives and Intention towards Saving of Bulgarian Pomaks
title_full_unstemmed Saving Motives and Intention towards Saving of Bulgarian Pomaks
title_short Saving Motives and Intention towards Saving of Bulgarian Pomaks
title_sort saving motives and intention towards saving of bulgarian pomaks
url https://www.econjournals.com/index.php/ijefi/article/view/9633
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AT kostaskaramanis savingmotivesandintentiontowardssavingofbulgarianpomaks
AT aikaterinigalanou savingmotivesandintentiontowardssavingofbulgarianpomaks
AT ioannissotiropoulos savingmotivesandintentiontowardssavingofbulgarianpomaks