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Financial well-being: financial ratio analysis of married public sector workers in Malaysia

The purpose of this study is to explore the usefulness of two family financial ratio guidelines in assessing the financial well-being of married public sector workers in Malaysia. The ratios examined were savings and debt-payment. Data on 415 workers were gathered from the Financial Well-being of...

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Main Authors: Ramli, Zaimah, Masud, Jariah, Haron, Sharifah Azizah, Othman, Mumtazah, Awang, Abd Hair, Md Sum, Sarmila
Format: Article
Language:English
Published: Canadian Center of Science and Education 2013
Online Access:http://psasir.upm.edu.my/id/eprint/28197/1/28197.pdf
http://psasir.upm.edu.my/id/eprint/28197/
http://ccsenet.org/journal/index.php/ass/article/view/31178
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spelling my.upm.eprints.281972017-10-23T02:56:42Z http://psasir.upm.edu.my/id/eprint/28197/ Financial well-being: financial ratio analysis of married public sector workers in Malaysia Ramli, Zaimah Masud, Jariah Haron, Sharifah Azizah Othman, Mumtazah Awang, Abd Hair Md Sum, Sarmila The purpose of this study is to explore the usefulness of two family financial ratio guidelines in assessing the financial well-being of married public sector workers in Malaysia. The ratios examined were savings and debt-payment. Data on 415 workers were gathered from the Financial Well-being of Workers of Dual-earner Family survey report in 2008. The findings showed most of the workers had a savings ratio of less than 10 percent. Meanwhile, more than half of the workers had debt-payments ratio of more than or equal to 20 percent. In addition, the workers fall into four categories, namely are A, B, C and D, of which level A is the best and level D the worst. Typically, most of the workers are in level D (42.2%) and level B (30.1%). In summary, the study revealed that the culture of saving among the workers was still at the unsatisfactorily level. Canadian Center of Science and Education 2013 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/28197/1/28197.pdf Ramli, Zaimah and Masud, Jariah and Haron, Sharifah Azizah and Othman, Mumtazah and Awang, Abd Hair and Md Sum, Sarmila (2013) Financial well-being: financial ratio analysis of married public sector workers in Malaysia. Asian Social Science, 9 (14). pp. 1-6. ISSN 1911-2017; ESSN: 1911-2025 http://ccsenet.org/journal/index.php/ass/article/view/31178 10.5539/ass.v9n14p1
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
description The purpose of this study is to explore the usefulness of two family financial ratio guidelines in assessing the financial well-being of married public sector workers in Malaysia. The ratios examined were savings and debt-payment. Data on 415 workers were gathered from the Financial Well-being of Workers of Dual-earner Family survey report in 2008. The findings showed most of the workers had a savings ratio of less than 10 percent. Meanwhile, more than half of the workers had debt-payments ratio of more than or equal to 20 percent. In addition, the workers fall into four categories, namely are A, B, C and D, of which level A is the best and level D the worst. Typically, most of the workers are in level D (42.2%) and level B (30.1%). In summary, the study revealed that the culture of saving among the workers was still at the unsatisfactorily level.
format Article
author Ramli, Zaimah
Masud, Jariah
Haron, Sharifah Azizah
Othman, Mumtazah
Awang, Abd Hair
Md Sum, Sarmila
spellingShingle Ramli, Zaimah
Masud, Jariah
Haron, Sharifah Azizah
Othman, Mumtazah
Awang, Abd Hair
Md Sum, Sarmila
Financial well-being: financial ratio analysis of married public sector workers in Malaysia
author_facet Ramli, Zaimah
Masud, Jariah
Haron, Sharifah Azizah
Othman, Mumtazah
Awang, Abd Hair
Md Sum, Sarmila
author_sort Ramli, Zaimah
title Financial well-being: financial ratio analysis of married public sector workers in Malaysia
title_short Financial well-being: financial ratio analysis of married public sector workers in Malaysia
title_full Financial well-being: financial ratio analysis of married public sector workers in Malaysia
title_fullStr Financial well-being: financial ratio analysis of married public sector workers in Malaysia
title_full_unstemmed Financial well-being: financial ratio analysis of married public sector workers in Malaysia
title_sort financial well-being: financial ratio analysis of married public sector workers in malaysia
publisher Canadian Center of Science and Education
publishDate 2013
url http://psasir.upm.edu.my/id/eprint/28197/1/28197.pdf
http://psasir.upm.edu.my/id/eprint/28197/
http://ccsenet.org/journal/index.php/ass/article/view/31178
_version_ 1643829394818465792
score 13.211869

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