IDEAS home Printed from https://ideas.repec.org/a/asi/ijoass/v7y2017i10p810-824id2941.html
   My bibliography  Save this article

How Financially Literate is Todays Youth?

Author

Listed:
  • Mohamad Fazli Sabri
  • Lee May Poh

Abstract

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.

Suggested Citation

  • Mohamad Fazli Sabri & Lee May Poh, 2017. "How Financially Literate is Todays Youth?," International Journal of Asian Social Science, Asian Economic and Social Society, vol. 7(10), pages 810-824.
    • Handle: RePEc:asi:ijoass:v:7:y:2017:i:10:p:810-824:id:2941
    as

    Download full text from publisher

    File URL: https://archive.aessweb.com/index.php/5007/article/view/2941/4470
    Download Restriction: no
    File URL: https://archive.aessweb.com/index.php/5007/article/view/2941/5082
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:asi:ijoass:v:7:y:2017:i:10:p:810-824:id:2941. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Robert Allen (email available below). General contact details of provider: https://archive.aessweb.com/index.php/5007/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.