The effects of social influence and financial literacy on savings behavior: a study on students of higher learning institutions in Kota Kinabalu, Sabah

• Main Authors: Amer Azlan Abdul Jamal, Wijaya Kamal Ramlan, Mohd Rahimie Abdul Karim, Rosle Mohidin, Zaiton Osman
• Format: Article
• Language: English; English
• Published: Center for Promoting Ideas (CPI), USA 2015
• Subjects: HG179 Personal finance
• Online Access: https://eprints.ums.edu.my/id/eprint/31801/2/The%20Effects%20of%20Social%20Influence%20and%20Financial%20Literacy%20on%20Savings%20Behavior_%20A%20Study%20on%20Students%20of%20Higher%20Learning%20Institutions%20in%20Kota%20Kinabalu_ABSTRACT.pdf; https://eprints.ums.edu.my/id/eprint/31801/1/The%20Effects%20of%20Social%20Influence%20and%20Financial%20Literacy%20on%20Savings%20Behavior_%20A%20Study%20on%20Students%20of%20Higher%20Learning%20Institutions%20in%20Kota%20Kinabalu%2C%20Sabah.pdf; https://eprints.ums.edu.my/id/eprint/31801/; https://ijbssnet.com/journals/Vol_6_No_11_1_November_2015/12.pdf

Economists generally believe that higher savings will spur economic growth, thus strengthening the economy further. In Malaysia however, the sharp increase in the ratio of household debt to disposable income particularly over the past ten years has raised doubts on the ability of Malaysians to save...