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Factors influence individual saving among generation Y: a case study in Wilayah Persekutuan Kuala Lumpur / Syakirah Husaini

One of the avenues to boost national saving is by encouraging individuals to increase personal saving. The purpose for this study is to identify the factors that influence individual saving. The factors, in particularly, financial literacy, social influence, saving behavior and risk-taking behavior...

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Main Author: Husaini, Syakirah
Format: Thesis
Language:English
Published: 2017
Subjects:
Savings banks
Online Access:https://ir.uitm.edu.my/id/eprint/103954/1/103954.pdf
https://ir.uitm.edu.my/id/eprint/103954/
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spelling my.uitm.ir.1039542025-02-03T08:11:17Z https://ir.uitm.edu.my/id/eprint/103954/ Factors influence individual saving among generation Y: a case study in Wilayah Persekutuan Kuala Lumpur / Syakirah Husaini Husaini, Syakirah Savings banks One of the avenues to boost national saving is by encouraging individuals to increase personal saving. The purpose for this study is to identify the factors that influence individual saving. The factors, in particularly, financial literacy, social influence, saving behavior and risk-taking behavior have been test in this study. Saving will not only benefits an individual, but also the entire nation as it provides the base for long-term investments. For positive saver can contribute towards economic growth. As we know, our country itself is facing deficit in which the expenditures are more than income. Therefore, saving can acts as hedge for nation against economic downturns and financial crisis. In addition to this, financial literacy, saving behavior, social influence, and risk-taking behavior also play important roles in individual saving. Although financial literacy is frequently discussed in the national arena, and also been relates with saving, there is no clear definition of financial literacy in which this ambiguity has led to multiple definitions. According to Mason, et. al (2000), financial literacy can be best defined as ''an individual's ability to obtain, understand and evaluate the relevant information necessary to make decisions with an awareness of the likely financial consequences". Therefore, by implementing more financial educational programmed, thus, it can help to boost individual's financial literacy and enable them to make financial plans for future, and choose the most appropriate financial instrument that will help them to achieve their financial goals. 2017 Thesis NonPeerReviewed text en https://ir.uitm.edu.my/id/eprint/103954/1/103954.pdf Factors influence individual saving among generation Y: a case study in Wilayah Persekutuan Kuala Lumpur / Syakirah Husaini. (2017) Degree thesis, thesis, Universiti Teknologi MARA, Johor.
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic Savings banks
spellingShingle Savings banks
Husaini, Syakirah
Factors influence individual saving among generation Y: a case study in Wilayah Persekutuan Kuala Lumpur / Syakirah Husaini
description One of the avenues to boost national saving is by encouraging individuals to increase personal saving. The purpose for this study is to identify the factors that influence individual saving. The factors, in particularly, financial literacy, social influence, saving behavior and risk-taking behavior have been test in this study. Saving will not only benefits an individual, but also the entire nation as it provides the base for long-term investments. For positive saver can contribute towards economic growth. As we know, our country itself is facing deficit in which the expenditures are more than income. Therefore, saving can acts as hedge for nation against economic downturns and financial crisis. In addition to this, financial literacy, saving behavior, social influence, and risk-taking behavior also play important roles in individual saving. Although financial literacy is frequently discussed in the national arena, and also been relates with saving, there is no clear definition of financial literacy in which this ambiguity has led to multiple definitions. According to Mason, et. al (2000), financial literacy can be best defined as ''an individual's ability to obtain, understand and evaluate the relevant information necessary to make decisions with an awareness of the likely financial consequences". Therefore, by implementing more financial educational programmed, thus, it can help to boost individual's financial literacy and enable them to make financial plans for future, and choose the most appropriate financial instrument that will help them to achieve their financial goals.
format Thesis
author Husaini, Syakirah
author_facet Husaini, Syakirah
author_sort Husaini, Syakirah
title Factors influence individual saving among generation Y: a case study in Wilayah Persekutuan Kuala Lumpur / Syakirah Husaini
title_short Factors influence individual saving among generation Y: a case study in Wilayah Persekutuan Kuala Lumpur / Syakirah Husaini
title_full Factors influence individual saving among generation Y: a case study in Wilayah Persekutuan Kuala Lumpur / Syakirah Husaini
title_fullStr Factors influence individual saving among generation Y: a case study in Wilayah Persekutuan Kuala Lumpur / Syakirah Husaini
title_full_unstemmed Factors influence individual saving among generation Y: a case study in Wilayah Persekutuan Kuala Lumpur / Syakirah Husaini
title_sort factors influence individual saving among generation y: a case study in wilayah persekutuan kuala lumpur / syakirah husaini
publishDate 2017
url https://ir.uitm.edu.my/id/eprint/103954/1/103954.pdf
https://ir.uitm.edu.my/id/eprint/103954/
_version_ 1823097817626836992
score 13.235362

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