Financial Literacy and Retirement Readiness for Oil and Gas Indonesian Expatriates in Saudi Arabia

Financial literacy is the knowledge, skills, and beliefs that influence attitudes and behavior to improve the quality of decision-making and financial management to achieve prosperity. Based on that, this research will examine the relationship between financial literacy level and the retirement readiness of Indonesian Oil and Gas expatriates in Saudi Arabia. This includes emergency funds, investment, and side income ownership of the expatriates. An online survey has been conducted on 84 respondents to measure their financial literacy level. This was followed by an in-depth interview with 11 respondents to dig deeper into their concerns and reasons regarding early retirement. The result shows their financial literacy at 46%, and it is also found that there is a weak relation between financial literacy and early retirement readiness.