The Impacts of Future Orientation and Financial Literacy on Personal Financial Management Practices among Generation Y in Malaysia: The Moderating Role of Gender

Author:

Ansar Rudy,Karim Mohd Rahimie Abd,Osman Zaiton,Fahmi Muhamad Shameer

Abstract

This paper investigated the relationship between future orientation and financial literacy toward personal financial management practices among Generation Y in Malaysia, particularly amongst those who were born between 1981 and 2001 coming from Sabah, Sarawak, Selangor, Kuala Lumpur, Johor, and Penang. A total of 146 valid questionnaires were used for the analysis carried out in this paper. Data was analyzed using the Structural Equation Modelling (SEM) technique using Partial Least Squares (PLS). The outcomes displayed that future orientation and financial literacy have significantly positive effect on personal financial management practices. Nonetheless, gender does not have a moderating role between financial literacy and future orientation on personal financial management practices among Generation Y in Malaysia. The study’s outputs may serve as guidelines by the Malaysian government agencies and policy makers, apart from extending the body of knowledge to shed some light on personal financial management practices. The findings of the study also offer an alternative approach in addressing the escalating bankruptcy issues faced by Generation Y in Malaysia.

Publisher

Sciencedomain International

Cited by 3 articles. 订阅此论文施引文献 订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献

1. Sampatti Personal Financial Management Application Development Integrated with Indonesian Stock Market Data;2023 International Conference on Information Management and Technology (ICIMTech);2023-08-24

2. Financial literacy, investment and personal financial management nexus: Empirical evidence on private sector employees;Cogent Business & Management;2023-07-05

3. Financial management behavior of Indonesian banking customer based on individual literacy level;Journal of Eastern European and Central Asian Research (JEECAR);2023-03-04

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