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Globally, societies are aging, and within Thai society, the number of people aged from 54 to 70 years has also been increasing. Longevity is defined as living longer; however, increasing longevity raises the need for financial planning. The prime objective of this study was, therefore, to assess the longevity risk mitigation while the second aim was to examine the personality factors, socio-environmental factors, and organizational factors. This study applied descriptive statistics and an inferential model - multiple discriminant analysis - to assess the longevity risk mitigation and its determinants in Thai society, respectively. Risk management, financial behavior, and financial socialization theories were used to construct a theoretical framework. Data were gathered from an empirical survey given to an employable age range. The results suggested that Thai society is financially prepared for aging. From the multiple discriminant analysis, individual factors were found to be most significantly associated with longevity risk mitigation. With regard to policy recommendations, firstly, human beings should understand financial literacy, and it should be taught as a subject of compulsory education. Secondly, the authors found the association between the high maturity level of the longevity risk mitigation and family relationship. This inferred that family conversion in the aspects of conscious money could be possible to increase the awareness of longevity. In order to validate the data, future research should find secondary data to reconcile with the primary information of this current study.
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