Financial Literacy and Saving Attitude among Malaysian Population
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 decisionma...
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| Main Authors: | , , , , , , |
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| Format: | Article |
| Language: | English English |
| Published: |
INTI International University
2024
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| Subjects: | |
| Online Access: | http://eprints.intimal.edu.my/2118/1/jobss2024_36.pdf http://eprints.intimal.edu.my/2118/2/659 http://eprints.intimal.edu.my/2118/ http://ipublishing.intimal.edu.my/jobss.html |
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| Summary: | 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. |
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