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Financial wellness and quality of life among young employees / Siti Nasuha Aripin and Fadilah Puteh

This paper presents a study on financial wellness and quality of life (QoL) among young employees. Report by Bank Negara Malaysia revealed that non-performing loans, credit card debts and bankruptcies among young people in Malaysia have increased significantly. Young employees are facing financial p...

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Main Authors: Aripin, Siti Nasuha, Puteh, Fadilah
Format: Article
Language:English
Published: Universiti Teknologi MARA, Shah Alam 2017
Subjects:
HG Finance
Financial management. Business finance. Corporation finance
Online Access:http://ir.uitm.edu.my/id/eprint/49191/1/49191.pdf
http://ir.uitm.edu.my/id/eprint/49191/
https://jas.uitm.edu.my/index.php/2-uncategorised/43-special-edition-volume-14-issue-3-2017
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spelling my.uitm.ir.491912021-07-29T07:57:59Z http://ir.uitm.edu.my/id/eprint/49191/ Financial wellness and quality of life among young employees / Siti Nasuha Aripin and Fadilah Puteh Aripin, Siti Nasuha Puteh, Fadilah HG Finance Financial management. Business finance. Corporation finance This paper presents a study on financial wellness and quality of life (QoL) among young employees. Report by Bank Negara Malaysia revealed that non-performing loans, credit card debts and bankruptcies among young people in Malaysia have increased significantly. Young employees are facing financial pressures and this has affected their QoL. This study also evaluates the relationship between financial wellness components namely financial satisfaction, financial behavior, and subjective perception and QoL. Data was collected through questionnaire to 260 among young employees in Majlis Perbandaran Klang (MPK). The findings of this study revealed that the mean levels financial wellness variables namely financial satisfaction, financial behavior and subjective perception are 5.50, 5.90 and 6.08 respectively. Meanwhile, reported mean value for QoL was 7.16. The results also depicted that financial satisfaction, r=0.29,p<0.001, financial behavior, r=0.342,p<0.001 and subjective perception, r=0.235,p<0.001) have significant relationship with QoL. Results also found that subjective perception was the most significant predictor of QoL (B=0.257 at p<0.05). Recommendation and suggestions for future research are also discussed. Universiti Teknologi MARA, Shah Alam 2017 Article PeerReviewed text en http://ir.uitm.edu.my/id/eprint/49191/1/49191.pdf ID49191 Aripin, Siti Nasuha and Puteh, Fadilah (2017) Financial wellness and quality of life among young employees / Siti Nasuha Aripin and Fadilah Puteh. Journal of Administrative Science, 14 (3). pp. 1-13. ISSN 1675-1302 https://jas.uitm.edu.my/index.php/2-uncategorised/43-special-edition-volume-14-issue-3-2017
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 HG Finance
Financial management. Business finance. Corporation finance
spellingShingle HG Finance
Financial management. Business finance. Corporation finance
Aripin, Siti Nasuha
Puteh, Fadilah
Financial wellness and quality of life among young employees / Siti Nasuha Aripin and Fadilah Puteh
description This paper presents a study on financial wellness and quality of life (QoL) among young employees. Report by Bank Negara Malaysia revealed that non-performing loans, credit card debts and bankruptcies among young people in Malaysia have increased significantly. Young employees are facing financial pressures and this has affected their QoL. This study also evaluates the relationship between financial wellness components namely financial satisfaction, financial behavior, and subjective perception and QoL. Data was collected through questionnaire to 260 among young employees in Majlis Perbandaran Klang (MPK). The findings of this study revealed that the mean levels financial wellness variables namely financial satisfaction, financial behavior and subjective perception are 5.50, 5.90 and 6.08 respectively. Meanwhile, reported mean value for QoL was 7.16. The results also depicted that financial satisfaction, r=0.29,p<0.001, financial behavior, r=0.342,p<0.001 and subjective perception, r=0.235,p<0.001) have significant relationship with QoL. Results also found that subjective perception was the most significant predictor of QoL (B=0.257 at p<0.05). Recommendation and suggestions for future research are also discussed.
format Article
author Aripin, Siti Nasuha
Puteh, Fadilah
author_facet Aripin, Siti Nasuha
Puteh, Fadilah
author_sort Aripin, Siti Nasuha
title Financial wellness and quality of life among young employees / Siti Nasuha Aripin and Fadilah Puteh
title_short Financial wellness and quality of life among young employees / Siti Nasuha Aripin and Fadilah Puteh
title_full Financial wellness and quality of life among young employees / Siti Nasuha Aripin and Fadilah Puteh
title_fullStr Financial wellness and quality of life among young employees / Siti Nasuha Aripin and Fadilah Puteh
title_full_unstemmed Financial wellness and quality of life among young employees / Siti Nasuha Aripin and Fadilah Puteh
title_sort financial wellness and quality of life among young employees / siti nasuha aripin and fadilah puteh
publisher Universiti Teknologi MARA, Shah Alam
publishDate 2017
url http://ir.uitm.edu.my/id/eprint/49191/1/49191.pdf
http://ir.uitm.edu.my/id/eprint/49191/
https://jas.uitm.edu.my/index.php/2-uncategorised/43-special-edition-volume-14-issue-3-2017
_version_ 1706960477569941504
score 13.211869

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