IDEAS home Printed from https://ideas.repec.org/h/spr/advbcp/978-2-494069-99-2_11.html

Factors Affecting Subjective Financial Well-Being of Emerging Adults in Malaysia

In: Proceedings of the 10th International Conference on Business, Accounting, Finance and Economics (BAFE 2022)

Author

Listed:
  • Min Wen Loo

    (Universiti Tunku Abdul Rahman, Faculty of Business and Finance)

  • Yoke Chin Kuah

    (Universiti Tunku Abdul Rahman, Faculty of Business and Finance)

  • Feng Mei Liew

    (Universiti Tunku Abdul Rahman, Faculty of Business and Finance)

Abstract

Many emerging adults experience financial stress which causes a low subjective financial well-being, especially in Malaysia. Many uncertainties make emerging adults feel worried about their financial conditions, especially during the Covid-19 pandemic period. This phenomenon has attracted the authors’ attention to learn the determinants of the subjective financial well-being of this group in Malaysia. In terms of data collection, questionnaires were distributed to emerging adults in Klang Valley. Then, the SPSS software is used for data analysis. The results showed that the subjective financial well-being of Malaysian emerging adults could be influenced by psychological factors such as financial stress and internal locus of control, own’s attitude towards finance as well as financial knowledge. Gender has been added as a moderating variable to examine its impact on financial knowledge and SFWB and it showed a significant result too. This research could serve as a reference for the government and stakeholders for enhancing financial well-being at the stage of emerging adulthood.

Suggested Citation

  • Min Wen Loo & Yoke Chin Kuah & Feng Mei Liew, 2023. "Factors Affecting Subjective Financial Well-Being of Emerging Adults in Malaysia," Advances in Economics, Business and Management Research, in: Fanyu Chen & Keng Soon William Choo & Voon Hsien Lee & Chooi Yi Wei (ed.), Proceedings of the 10th International Conference on Business, Accounting, Finance and Economics (BAFE 2022), pages 132-148, Springer.
    • Handle: RePEc:spr:advbcp:978-2-494069-99-2_11
    DOI: 10.2991/978-2-494069-99-2_11
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    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:spr:advbcp:978-2-494069-99-2_11. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    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.