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How financially literate is today's youth?

The current study investigated the level of financial literacy of youth in Malaysia. Quantitative questionnaires were used to test the financial literacy by examining the financial knowledge, practices and attitudes towards money, money management and entrepreneurship of youth in Malaysia. A sample...

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Main Authors: Sabri, Mohamad Fazli, Lee, May Poh
Format: Article
Language:English
English
English
Published: Asian Economic and Social Society 2017
Online Access:http://psasir.upm.edu.my/id/eprint/62044/1/How%20financially%20literate%20is%20today%E2%80%99s%20youth.pdf
http://psasir.upm.edu.my/id/eprint/62044/2/How%20financially%20literate%20is%20today%E2%80%99s%20youth.pdf
http://psasir.upm.edu.my/id/eprint/62044/3/How%20financially%20literate%20is%20today%E2%80%99s%20youth.pdf
http://psasir.upm.edu.my/id/eprint/62044/
http://www.aessweb.com/journals/October2017/5007/3909
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spelling my.upm.eprints.620442019-03-20T07:04:55Z http://psasir.upm.edu.my/id/eprint/62044/ How financially literate is today's youth? Sabri, Mohamad Fazli Lee, May Poh The current study investigated the level of financial literacy of youth in Malaysia. Quantitative questionnaires were used to test the financial literacy by examining the financial knowledge, practices and attitudes towards money, money management and entrepreneurship of youth in Malaysia. A sample consisting of 220 secondary school students from five schools in Kuala Lumpur, Malaysia had participated in the study. Cross tabulation was used to understand the background of respondents better which included the gender (male and female) and the ethnic group (Malay, Chinese and Indian) of the youth. The findings indicated that male youths are better-informed on financial management and money matters compared to the females. From the survey, Indians have lower level of financial related knowledge compared to other ethnic groups. In addition, both genders had revealed that they have positive attitudes and good practices money matters. These findings contributed to the development of financial empowerment program of youth in Malaysia. The study provides awareness to the public regarding the importance of financial planning in the present and the future as well. Asian Economic and Social Society 2017 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/62044/1/How%20financially%20literate%20is%20today%E2%80%99s%20youth.pdf text en http://psasir.upm.edu.my/id/eprint/62044/2/How%20financially%20literate%20is%20today%E2%80%99s%20youth.pdf text en http://psasir.upm.edu.my/id/eprint/62044/3/How%20financially%20literate%20is%20today%E2%80%99s%20youth.pdf Sabri, Mohamad Fazli and Lee, May Poh (2017) How financially literate is today's youth? International Journal of Asian Social Science, 7 (10). 810- 824. ISSN 2226-5139; ESSN: 2224-4441 http://www.aessweb.com/journals/October2017/5007/3909 10.18488/journal.1.2017.710.803.817
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
English
English
description The current study investigated the level of financial literacy of youth in Malaysia. Quantitative questionnaires were used to test the financial literacy by examining the financial knowledge, practices and attitudes towards money, money management and entrepreneurship of youth in Malaysia. A sample consisting of 220 secondary school students from five schools in Kuala Lumpur, Malaysia had participated in the study. Cross tabulation was used to understand the background of respondents better which included the gender (male and female) and the ethnic group (Malay, Chinese and Indian) of the youth. The findings indicated that male youths are better-informed on financial management and money matters compared to the females. From the survey, Indians have lower level of financial related knowledge compared to other ethnic groups. In addition, both genders had revealed that they have positive attitudes and good practices money matters. These findings contributed to the development of financial empowerment program of youth in Malaysia. The study provides awareness to the public regarding the importance of financial planning in the present and the future as well.
format Article
author Sabri, Mohamad Fazli
Lee, May Poh
spellingShingle Sabri, Mohamad Fazli
Lee, May Poh
How financially literate is today's youth?
author_facet Sabri, Mohamad Fazli
Lee, May Poh
author_sort Sabri, Mohamad Fazli
title How financially literate is today's youth?
title_short How financially literate is today's youth?
title_full How financially literate is today's youth?
title_fullStr How financially literate is today's youth?
title_full_unstemmed How financially literate is today's youth?
title_sort how financially literate is today's youth?
publisher Asian Economic and Social Society
publishDate 2017
url http://psasir.upm.edu.my/id/eprint/62044/1/How%20financially%20literate%20is%20today%E2%80%99s%20youth.pdf
http://psasir.upm.edu.my/id/eprint/62044/2/How%20financially%20literate%20is%20today%E2%80%99s%20youth.pdf
http://psasir.upm.edu.my/id/eprint/62044/3/How%20financially%20literate%20is%20today%E2%80%99s%20youth.pdf
http://psasir.upm.edu.my/id/eprint/62044/
http://www.aessweb.com/journals/October2017/5007/3909
_version_ 1643837656056987648
score 13.211869

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