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Household debt and household spending behavior: evidence from Malaysia (hutang isi rumah dan tingkah laku perbelanjaan isi rumah: Bukti dari Malaysia)

Using data collected from urban households in the Klang Valley, Malaysia, this study examined the impact of household debt on urban household consumption decisions. The findings revealed that household debt does not generally affect consumption decisions, except in the case of expenditure on vacatio...

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Main Authors: Cai, Yunchao, Abdullah Yusof, Selamah, Mohd Amin, Ruzita, Mohd Arshad, Mohd Nahar
Format: Article
Language:English
Published: Universiti Kebangsaan Malaysia 2020
Subjects:
HB801 Consumption. Demand
HG179 Personal finance
Online Access:http://irep.iium.edu.my/81523/1/81523_Household%20Debt%20and%20Household%20Spending_article.pdf
http://irep.iium.edu.my/81523/
https://www.ukm.my/fep/jem/pdf/2020-54(1)/jeko_54(1)-8.pdf
http://dx.doi.org/10.17576/
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spelling my.iium.irep.815232020-11-10T07:19:11Z http://irep.iium.edu.my/81523/ Household debt and household spending behavior: evidence from Malaysia (hutang isi rumah dan tingkah laku perbelanjaan isi rumah: Bukti dari Malaysia) Cai, Yunchao Abdullah Yusof, Selamah Mohd Amin, Ruzita Mohd Arshad, Mohd Nahar HB801 Consumption. Demand HG179 Personal finance Using data collected from urban households in the Klang Valley, Malaysia, this study examined the impact of household debt on urban household consumption decisions. The findings revealed that household debt does not generally affect consumption decisions, except in the case of expenditure on vacation, which tends to be reduced for households facing high levels of debt. Furthermore, general financial wellness tends to be the main factor affecting consumption rather than debt. Households with poorer financial wellness make more frequent cuts to daily meals, fruit, utility, transportation, clothing, medical care, vacations, and leisure activities. Although the impact of debt on consumption is not extensive, it must be closely monitored to ensure that the risk is contained and that the wellbeing of households is not adversely affected. Universiti Kebangsaan Malaysia 2020 Article PeerReviewed application/pdf en http://irep.iium.edu.my/81523/1/81523_Household%20Debt%20and%20Household%20Spending_article.pdf Cai, Yunchao and Abdullah Yusof, Selamah and Mohd Amin, Ruzita and Mohd Arshad, Mohd Nahar (2020) Household debt and household spending behavior: evidence from Malaysia (hutang isi rumah dan tingkah laku perbelanjaan isi rumah: Bukti dari Malaysia). Jurnal Ekonomi Malaysia, 54 (1). pp. 111-120. ISSN 0126-1962 E-ISSN 2716-6058 https://www.ukm.my/fep/jem/pdf/2020-54(1)/jeko_54(1)-8.pdf http://dx.doi.org/10.17576/
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
topic HB801 Consumption. Demand
HG179 Personal finance
spellingShingle HB801 Consumption. Demand
HG179 Personal finance
Cai, Yunchao
Abdullah Yusof, Selamah
Mohd Amin, Ruzita
Mohd Arshad, Mohd Nahar
Household debt and household spending behavior: evidence from Malaysia (hutang isi rumah dan tingkah laku perbelanjaan isi rumah: Bukti dari Malaysia)
description Using data collected from urban households in the Klang Valley, Malaysia, this study examined the impact of household debt on urban household consumption decisions. The findings revealed that household debt does not generally affect consumption decisions, except in the case of expenditure on vacation, which tends to be reduced for households facing high levels of debt. Furthermore, general financial wellness tends to be the main factor affecting consumption rather than debt. Households with poorer financial wellness make more frequent cuts to daily meals, fruit, utility, transportation, clothing, medical care, vacations, and leisure activities. Although the impact of debt on consumption is not extensive, it must be closely monitored to ensure that the risk is contained and that the wellbeing of households is not adversely affected.
format Article
author Cai, Yunchao
Abdullah Yusof, Selamah
Mohd Amin, Ruzita
Mohd Arshad, Mohd Nahar
author_facet Cai, Yunchao
Abdullah Yusof, Selamah
Mohd Amin, Ruzita
Mohd Arshad, Mohd Nahar
author_sort Cai, Yunchao
title Household debt and household spending behavior: evidence from Malaysia (hutang isi rumah dan tingkah laku perbelanjaan isi rumah: Bukti dari Malaysia)
title_short Household debt and household spending behavior: evidence from Malaysia (hutang isi rumah dan tingkah laku perbelanjaan isi rumah: Bukti dari Malaysia)
title_full Household debt and household spending behavior: evidence from Malaysia (hutang isi rumah dan tingkah laku perbelanjaan isi rumah: Bukti dari Malaysia)
title_fullStr Household debt and household spending behavior: evidence from Malaysia (hutang isi rumah dan tingkah laku perbelanjaan isi rumah: Bukti dari Malaysia)
title_full_unstemmed Household debt and household spending behavior: evidence from Malaysia (hutang isi rumah dan tingkah laku perbelanjaan isi rumah: Bukti dari Malaysia)
title_sort household debt and household spending behavior: evidence from malaysia (hutang isi rumah dan tingkah laku perbelanjaan isi rumah: bukti dari malaysia)
publisher Universiti Kebangsaan Malaysia
publishDate 2020
url http://irep.iium.edu.my/81523/1/81523_Household%20Debt%20and%20Household%20Spending_article.pdf
http://irep.iium.edu.my/81523/
https://www.ukm.my/fep/jem/pdf/2020-54(1)/jeko_54(1)-8.pdf
http://dx.doi.org/10.17576/
_version_ 1683230347061362688
score 13.211869

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