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Financial Risk Literacy and Financial Wellbeing Among Youths In Northern Malaysia.

Overwhelmed amount of household indebtedness, high rate of bankruptcy, and low Amount of emergency savings raise concerns regarding the financial risk literacy of the Youths in Malaysia. Therefore, the prime objective of this study is to examine the impact Of financial risk literacy factors (financi...

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Main Author: Parvin, Mst Monira
Format: Thesis
Language:English
English
Published: 2022
Subjects:
HG Finance
Online Access:https://etd.uum.edu.my/11121/1/depositpermission.pdf
https://etd.uum.edu.my/11121/2/s824780_01.pdf
https://etd.uum.edu.my/11121/
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spelling my.uum.etd.111212024-05-27T06:22:28Z https://etd.uum.edu.my/11121/ Financial Risk Literacy and Financial Wellbeing Among Youths In Northern Malaysia. Parvin, Mst Monira HG Finance Overwhelmed amount of household indebtedness, high rate of bankruptcy, and low Amount of emergency savings raise concerns regarding the financial risk literacy of the Youths in Malaysia. Therefore, the prime objective of this study is to examine the impact Of financial risk literacy factors (financial risk knowledge [FRK], financial risk awareness [FRA], financial risk attitude [FRAT], and financial decision-making [FDM]) on the Financial well-being among the youths living in the northern region of Malaysia. Furthermore, this study also aims to identify whether there is a significant difference Between males and females regarding financial risk literacy factors. This study employed A correlational research design with an online survey approach for data collection was Used to meet the objective of this study. The survey data was collected from 400 Respondents aged 18 to 30 living in the northern region of Malaysia. Furthermore, to test The hypothesis of this study, Partial Least Squares Structural Equation Modeling (PLSSEM) And Statistical Package for the Social Sciences (SPSS) were utilized. The results of The hypothesis testing of the present study revealed that FRK, FRA, FRAT, and FDM Have a significant positive impact on the financial well-being of youths living in the Northern region of Malaysia. The results also indicate a statistically significant difference Between males and females regarding financial risk literacy factors. These findings will Provide valuable insights to policymakers, administrators, professionals, and educators on Understanding the importance of financial risk literacy factors to improve the financial Well-being of the youth. This study also suggests that educational institutions, Policymakers, and professionals make the necessary efforts to educate youth about Financial risk literacy, which can assist them in improving their financial well-being. 2022 Thesis NonPeerReviewed text en https://etd.uum.edu.my/11121/1/depositpermission.pdf text en https://etd.uum.edu.my/11121/2/s824780_01.pdf Parvin, Mst Monira (2022) Financial Risk Literacy and Financial Wellbeing Among Youths In Northern Malaysia. Masters thesis, Universiti Utara Malaysia.
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Electronic Theses
url_provider http://etd.uum.edu.my/
language English
English
topic HG Finance
spellingShingle HG Finance
Parvin, Mst Monira
Financial Risk Literacy and Financial Wellbeing Among Youths In Northern Malaysia.
description Overwhelmed amount of household indebtedness, high rate of bankruptcy, and low Amount of emergency savings raise concerns regarding the financial risk literacy of the Youths in Malaysia. Therefore, the prime objective of this study is to examine the impact Of financial risk literacy factors (financial risk knowledge [FRK], financial risk awareness [FRA], financial risk attitude [FRAT], and financial decision-making [FDM]) on the Financial well-being among the youths living in the northern region of Malaysia. Furthermore, this study also aims to identify whether there is a significant difference Between males and females regarding financial risk literacy factors. This study employed A correlational research design with an online survey approach for data collection was Used to meet the objective of this study. The survey data was collected from 400 Respondents aged 18 to 30 living in the northern region of Malaysia. Furthermore, to test The hypothesis of this study, Partial Least Squares Structural Equation Modeling (PLSSEM) And Statistical Package for the Social Sciences (SPSS) were utilized. The results of The hypothesis testing of the present study revealed that FRK, FRA, FRAT, and FDM Have a significant positive impact on the financial well-being of youths living in the Northern region of Malaysia. The results also indicate a statistically significant difference Between males and females regarding financial risk literacy factors. These findings will Provide valuable insights to policymakers, administrators, professionals, and educators on Understanding the importance of financial risk literacy factors to improve the financial Well-being of the youth. This study also suggests that educational institutions, Policymakers, and professionals make the necessary efforts to educate youth about Financial risk literacy, which can assist them in improving their financial well-being.
format Thesis
author Parvin, Mst Monira
author_facet Parvin, Mst Monira
author_sort Parvin, Mst Monira
title Financial Risk Literacy and Financial Wellbeing Among Youths In Northern Malaysia.
title_short Financial Risk Literacy and Financial Wellbeing Among Youths In Northern Malaysia.
title_full Financial Risk Literacy and Financial Wellbeing Among Youths In Northern Malaysia.
title_fullStr Financial Risk Literacy and Financial Wellbeing Among Youths In Northern Malaysia.
title_full_unstemmed Financial Risk Literacy and Financial Wellbeing Among Youths In Northern Malaysia.
title_sort financial risk literacy and financial wellbeing among youths in northern malaysia.
publishDate 2022
url https://etd.uum.edu.my/11121/1/depositpermission.pdf
https://etd.uum.edu.my/11121/2/s824780_01.pdf
https://etd.uum.edu.my/11121/
_version_ 1800725051934244864
score 13.211869

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