IDEAS home Printed from https://ideas.repec.org/a/asi/ijopss/v7y2022i1p1-11id4433.html
   My bibliography  Save this article

Factors Affecting Financial Literacy Rate of Millennial in Malaysia

Author

Listed:
  • Amar Imran Mohd Nahar
  • Siti Nur Shamira Shahrul
  • Nabilah Rozzani
  • Siti Khadijah Saleh

Abstract

Without being informed of financial management skills, many people are struggling financially as they are unaware of how to plan and manage money to make wise decisions regarding their finances. They are usually careless with spending money and do not plan effectively for their future. Most times, they would rely on cash in hand rather than doing effective planning to save or invest. Improper and inadequate planning can be a result of lacking financial knowledge and low literacy. This study investigates several factors of education, income, marital status, upbringing and influence, as well as its impacts toward financial literacy rate among millennials in Malaysia. This study employs quantitative research with primary data gathered using questionnaire from millennials residing in Malaysia. Results and findings of this study indicates that there is positive and significant relationship between education level and level of income with financial literacy rate of millennials in Malaysia.

Suggested Citation

  • Amar Imran Mohd Nahar & Siti Nur Shamira Shahrul & Nabilah Rozzani & Siti Khadijah Saleh, 2022. "Factors Affecting Financial Literacy Rate of Millennial in Malaysia," International Journal of Publication and Social Studies, Asian Economic and Social Society, vol. 7(1), pages 1-11.
    • Handle: RePEc:asi:ijopss:v:7:y:2022:i:1:p:1-11:id:4433
    as

    Download full text from publisher

    File URL: https://archive.aessweb.com/index.php/5050/article/view/4433/6841
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:asi:ijopss:v:7:y:2022:i:1:p:1-11:id:4433. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Robert Allen (email available below). General contact details of provider: https://archive.aessweb.com/index.php/5050/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.