The Influence of Financial Knowledge, Financial Socialization, Financial Behaviour, and Financial Strain on Young Adults’ Financial Well-Being
نویسندگان
چکیده
Financial well-being refers to one’s overall satisfaction with their current financial condition, and it plays a significant part in young adults’ success as well ability overcome psychological health concerns. It has become crucial concern for individuals, households, societies, countries recent years, yet research on the subject is sparse dispersed among fields. As result, assessed an empirical model based Malaysian knowledge, socialization, behavior strain. A multi stage random sampling method was performed draw representative sample of adults, 651 duly filled responses were received through self-administered questionnaire. stated by multiple regression results, 16.1% total variance clarified model. All four determinants examined (financial behavior, strain) revealed significant, only strain had negative relationship well-being. Therefore, study both theoretical practical contributions, offers experts actionable insights regarding when designing policies uplift over time.
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ژورنال
عنوان ژورنال: International journal of academic research in business & social sciences
سال: 2021
ISSN: ['2308-3816', '2222-6990']
DOI: https://doi.org/10.6007/ijarbss/v11-i12/11799