Cover Image

The relationship between socio-demographics and financial literacy with financial planning among young adults in Klang Valley, Malaysia

This study aims to explore the relationship between socio-demographics and financial literacy with an individual’s engagement in personal financial planning, with the target population being the youths residing in Klang Valley, Malaysia. Questionnaires adopted from past literature were distributed t...

Full description

Saved in:
Bibliographic Details
Main Authors: Yong, Kah Chun, Chung, Jee Fenn, Akram Abdulraqeb Sultan Al-Khaled,
Format: Article
Language:English
Published: Penerbit Universiti Kebangsaan Malaysia 2021
Online Access:http://journalarticle.ukm.my/18444/1/49709-174569-2-PB.pdf
http://journalarticle.ukm.my/18444/
https://ejournal.ukm.my/pengurusan/issue/view/1456
Tags: Add Tag
No Tags, Be the first to tag this record!
id my-ukm.journal.18444
record_format eprints
spelling my-ukm.journal.184442022-04-18T02:30:10Z http://journalarticle.ukm.my/18444/ The relationship between socio-demographics and financial literacy with financial planning among young adults in Klang Valley, Malaysia Yong, Kah Chun Chung, Jee Fenn Akram Abdulraqeb Sultan Al-Khaled, This study aims to explore the relationship between socio-demographics and financial literacy with an individual’s engagement in personal financial planning, with the target population being the youths residing in Klang Valley, Malaysia. Questionnaires adopted from past literature were distributed to gather relevant data from the target population and 400 respondents participated in this study in total. The results show that age, education level, income level and financial literacy have relationships with personal financial planning, while gender does not. The limitations of this study include the omission of other variables such as behavioral, environmental, and psychological factors that may affect financial planning, as well as geographical constraints whereby other states and federal territories with varying state of development, cost of living and lifestyle may need to be considered to present a more comprehensive research framework and provide more accurate findings. Lastly, this research serves as a guide to the relevant authorities in reviewing the sufficiency and effectiveness of financial education currently in place in the country. Penerbit Universiti Kebangsaan Malaysia 2021 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/18444/1/49709-174569-2-PB.pdf Yong, Kah Chun and Chung, Jee Fenn and Akram Abdulraqeb Sultan Al-Khaled, (2021) The relationship between socio-demographics and financial literacy with financial planning among young adults in Klang Valley, Malaysia. Jurnal Pengurusan, 63 . pp. 1-14. ISSN 0127-2713 https://ejournal.ukm.my/pengurusan/issue/view/1456
institution Universiti Kebangsaan Malaysia
building Tun Sri Lanang Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Kebangsaan Malaysia
content_source UKM Journal Article Repository
url_provider http://journalarticle.ukm.my/
language English
description This study aims to explore the relationship between socio-demographics and financial literacy with an individual’s engagement in personal financial planning, with the target population being the youths residing in Klang Valley, Malaysia. Questionnaires adopted from past literature were distributed to gather relevant data from the target population and 400 respondents participated in this study in total. The results show that age, education level, income level and financial literacy have relationships with personal financial planning, while gender does not. The limitations of this study include the omission of other variables such as behavioral, environmental, and psychological factors that may affect financial planning, as well as geographical constraints whereby other states and federal territories with varying state of development, cost of living and lifestyle may need to be considered to present a more comprehensive research framework and provide more accurate findings. Lastly, this research serves as a guide to the relevant authorities in reviewing the sufficiency and effectiveness of financial education currently in place in the country.
format Article
author Yong, Kah Chun
Chung, Jee Fenn
Akram Abdulraqeb Sultan Al-Khaled,
spellingShingle Yong, Kah Chun
Chung, Jee Fenn
Akram Abdulraqeb Sultan Al-Khaled,
The relationship between socio-demographics and financial literacy with financial planning among young adults in Klang Valley, Malaysia
author_facet Yong, Kah Chun
Chung, Jee Fenn
Akram Abdulraqeb Sultan Al-Khaled,
author_sort Yong, Kah Chun
title The relationship between socio-demographics and financial literacy with financial planning among young adults in Klang Valley, Malaysia
title_short The relationship between socio-demographics and financial literacy with financial planning among young adults in Klang Valley, Malaysia
title_full The relationship between socio-demographics and financial literacy with financial planning among young adults in Klang Valley, Malaysia
title_fullStr The relationship between socio-demographics and financial literacy with financial planning among young adults in Klang Valley, Malaysia
title_full_unstemmed The relationship between socio-demographics and financial literacy with financial planning among young adults in Klang Valley, Malaysia
title_sort relationship between socio-demographics and financial literacy with financial planning among young adults in klang valley, malaysia
publisher Penerbit Universiti Kebangsaan Malaysia
publishDate 2021
url http://journalarticle.ukm.my/18444/1/49709-174569-2-PB.pdf
http://journalarticle.ukm.my/18444/
https://ejournal.ukm.my/pengurusan/issue/view/1456
_version_ 1731226538477617152
score 13.211869

Similar Items