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Turkish University Students’ Self-Perceptions of Aging: An Analysis Over Socio-Economic Dimensions

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Abstract

University students represent nearly more than half of the youth population (age group of 15-24) in Turkey. Meanwhile, the latest demographic data shows that they will constitute a majority of the elder generation in the context of the recent rapid aging trend in the near future. That said, and although the number of studies related to the students’ perceptions of old ages are increasing in recent years, there is still room to extend our understanding of the influence of demographics, social and economic patterns on students’ self-perceptions of old age. To investigate the Turkish students’ views towards their own 65+ ages, a questionary is applied to 450 students from two different universities located in different regions in Turkey. Survey analysis shows that, almost 85 percent of “engineering” and “economics and administrative science” faculty students describe health and elderly care as the two major concerns in their old ages. On the contrary, answers of the two faculties differentiated clearly in terms of happiness, ability to save more and living with someone else in their old ages. Also, students accept retirement period as a reflection of aging and most of the students claim they had never thought about the aging process before. Yet, female and male students describe the meaning of retirement as the most comfortable period and a period that makes no sense, respectively.

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... Males feel the burden much more. This is indeed in line with the perceptions and feeling regarding the old ages as well as national investment and saving decisions, underlined in earlier surveys including Yumurtaci and Bagis (2019). ...
... For instance, even in the UK, a 2019 survey by the London Institute of Banking & Finance, over 2000 Britons between ages of 15 and 18 shows that 69% percent of the youth is concerned about their financial future, while 82% percent of these students expressed robust desire to get more financial education in school 13 . Meanwhile, Yumurtaci and Bagis (2019) also show that university students in Turkey also tend to have bigger concerns regarding their own old ages. ...
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Despite little to no academic attention, widespread perception of the welfare state policies is a critical aspect of its evaluation, existence and the validity processes; especially that amongst youth and the new generations. This paper discusses welfare or the quality of life perceptions in Turkey and in particular the university students' economic and social welfare concerns. The paper is based upon survey outcomes from two different cities' university students, across Turkey; and analyzes the Turkish university students' current welfare, happiness, contentment with life and the future financial wellness perceptions. We employ the standard chi-square test of independence to test our hypotheses. The research aims to contribute to the efforts towards a roadmap regarding the socioeconomic policies to be implemented for the future of Turkey. The paper finds growing financial concerns among university students in terms of social and economic welfare. This is despite the recent economic, social and cultural transformation in modern Turkey. Meanwhile, the latest pandemic is likely to have deteriorated these perceptions. This research, meanwhile, is a worthy analysis to understand contentment regarding the current economic outlook, as well as the concerns and confidence in terms of financial future and wellness. Understanding these perceptions may potentially help in carving the middle and long-term national social and economic policies.
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