Archives of Current Research International

Background: Retirement preparedness is increasingly challenging as individuals rely more on personal savings amid declining pension support, particularly in Philippines. Financial literacy and financial technology adoption are key factors that can enhance planning and financial security, yet their combined impact remains underexplored.

Aims: The study aims to determine the relationship of financial literacy (financial knowledge, skills, and attitudes), financial technology adoption (perceived ease of use, perceived usefulness, trust, satisfaction, and brand confidence), and retirement preparedness among the part-time and full-time educators in a private school in Iloilo City.

Study Design: This study employed a survey based descriptive quantitative correlational research design.

Place and Duration of Study: In a private school in Iloilo City, between August 2025 to March 2026.

Methodology: A sample of 190 participants selected through stratified sampling technique from different departments within a total population of 443 educators. Data were collected using a structured questionnaire administered through both online and paper-based formats; and analyzed using descriptive statistics to summarize variables and Spearman rank-order correlation to examine the relationship between financial literacy and retirement preparedness.

Results: The results showed that educators generally had a high level of financial literacy (56.3%), with most having high financial skills (38.9%) and attitudes (86.3%). However, financial knowledge was average (m = 6.17/10), with most reported low (42.6%), followed by those with average (35.8%), while only a minority demonstrated high financial understanding (21.6%). In terms of financial technology adoption, respondents reported generally high levels (m = 3.77), driven by perceived usefulness (m = 3.94), ease of use (m = 3.87), satisfaction (m = 3.81), and confidence in reputable brands (m = 3.73); however, trust was rated at an average level (m = 3.51). Retirement preparedness among educators was also found to be at an average level (m = 3.56). Furthermore, correlational analysis revealed that financial literacy (rs = 0.222, p = 0.002) and technology adoption (r = 0.363, p < 0.001) both have a positive and significant relationship on retirement preparedness.

Conclusion: These findings emphasize improving financial literacy and technology use for better retirement preparedness. Examining other factors of retirement preparedness and broadening the scope are recommended for future studies.