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Exploring the Determinants of Financial Well-Being among Rural Households

Author

Listed:
  • Suhailah Ibrahim

    (Islamic University Melaka)

  • Suzana Ab Rahman

    (Islamic University Melaka)

  • Hamidah Norman

    (Islamic University Melaka)

  • Noor Azlin Abu Kasim

    (Islamic University Melaka)

  • Intan Maizura Abdul Rashid

    (Universiti Teknologi MARA)

Abstract

Household financial well-being plays an important role in the B40 community. This study aims to explore the determinants of financial well-being. The literature proves that the level of financial skills and access to financial knowledge significantly influence household financial well-being among the B40 community. In addition, the influence of external factors such as access to financial services, social support, or financial development programs also affects household financial management practices B40 community. This study emphasizes the elements of digital financial literacy, financial socialization, and savings and investment toward the financial well-being of rural households. This kind of concept paper can contribute to knowledge, especially in guiding students, academics, and policymakers, to learn about the concepts of rural financial well-being that exist.

Suggested Citation

  • Suhailah Ibrahim & Suzana Ab Rahman & Hamidah Norman & Noor Azlin Abu Kasim & Intan Maizura Abdul Rashid, 2024. "Exploring the Determinants of Financial Well-Being among Rural Households," Post-Print halshs-04871304, HAL.
    • Handle: RePEc:hal:journl:halshs-04871304
    DOI: 10.22610/imbr.v16i4(I).4253
    as

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