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Financial Well-Being among Young Employees in Malaysia

Financial Well-Being among Young Employees in Malaysia

Mohamad Fazli Sabri, Nurul Farhana Zakaria
Copyright: © 2015 |Pages: 15
ISBN13: 9781466674844|ISBN10: 1466674849|EISBN13: 9781466674851
DOI: 10.4018/978-1-4666-7484-4.ch013
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MLA

Sabri, Mohamad Fazli, and Nurul Farhana Zakaria. "Financial Well-Being among Young Employees in Malaysia." Handbook of Research on Behavioral Finance and Investment Strategies: Decision Making in the Financial Industry, edited by Zeynep Copur, IGI Global, 2015, pp. 221-235. https://doi.org/10.4018/978-1-4666-7484-4.ch013

APA

Sabri, M. F. & Zakaria, N. F. (2015). Financial Well-Being among Young Employees in Malaysia. In Z. Copur (Ed.), Handbook of Research on Behavioral Finance and Investment Strategies: Decision Making in the Financial Industry (pp. 221-235). IGI Global. https://doi.org/10.4018/978-1-4666-7484-4.ch013

Chicago

Sabri, Mohamad Fazli, and Nurul Farhana Zakaria. "Financial Well-Being among Young Employees in Malaysia." In Handbook of Research on Behavioral Finance and Investment Strategies: Decision Making in the Financial Industry, edited by Zeynep Copur, 221-235. Hershey, PA: IGI Global, 2015. https://doi.org/10.4018/978-1-4666-7484-4.ch013

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Abstract

The purpose of this study is to identify the levels of financial literacy, money attitude, self-esteem, financial capability and financial well-being of young employees, to explore the differences in financial well-being based on demographic characteristics of young employees and to identify the determinants of financial well-being among young employees. The sample consists of 508 of young employees aged 40 and under in central zone of Malaysia, which selected through multi stage sampling technique. Data were collected through self-administered questionnaires. Financial literacy, domains in money attitude and financial capability had significant influence toward financial well-being whereby financial capability become a major contributing factor to the financial well-being. By understanding more about the determinants of financial well-being, it is hoped to help young employees to become financial prudence and in the long-run could decrease the number of young employees declared bankruptcy.

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