Financial Literacy and Saving Attitude among Malaysian Population

Ng, Kar En and Ang, Sin Lin and Armaan Singh, Harban Singh and Chain, Mee Kee and Lim, Qiao Ying and Wang, Chong and Gong, Peihao (2024) Financial Literacy and Saving Attitude among Malaysian Population. Journal of Business and Social Sciences, 2024 (36). pp. 1-13. ISSN 2805-5187

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Abstract

This research was designed to determine whether age, gender, and ethnicity have a significant effect on the saving attitude. This study aims to assess the financial literacy of Malaysian adults and identify their wealth-accumulation habits as a precondition for their retirement planning decisionmaking. It creates a framework based on financial capabilities, availability, accessibility, and affordability of private retirement plans, as well as individuals' awareness of these requirements. The findings will help policymakers encourage private retirement planning and the industry create retirement packages that appeal to a wider range of people. All participants were notified that their involvement was optional, and their responses would be kept confidential. The aim of the sampling method was to acquire a representative sample of the population through random selection. Based on all these findings, it will enable policymakers to incentivize private retirement planning and help the industry develop retirement packages.

Item Type:	Article
Uncontrolled Keywords:	Financial Literacy, Saving Attitude, Retirement Planning
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HG Finance H Social Sciences > HJ Public Finance
Depositing User:	Unnamed user with email masilah.mansor@newinti.edu.my
Date Deposited:	31 Dec 2024 03:15
Last Modified:	31 Dec 2024 03:15
URI:	http://eprints.intimal.edu.my/id/eprint/2118

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