Proceedings of the 10th International Conference on Business, Accounting, Finance and Economics (BAFE 2022)

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Factors Affecting Subjective Financial Well-Being of Emerging Adults in Malaysia

Authors
Min Wen Loo1, Yoke Chin Kuah1, Feng Mei Liew1, *
1Faculty of Business and Finance, Universiti Tunku Abdul Rahman, Jalan Universiti, Bandar Barat, 31900, Kampar, Perak, Malaysia
*Corresponding author. Email: liewfm@utar.edu.my
Corresponding Author
Feng Mei Liew
Available Online 4 February 2023.
DOI
10.2991/978-2-494069-99-2_11How to use a DOI?
Keywords
Financial well-being; Emerging adults; Covid-19 pandemic; Financial stress; Internal locus of control; financial attitude
Abstract

Many emerging adults experience financial stress which causes a low subjective financial well-being, especially in Malaysia. Many uncertainties make emerging adults feel worried about their financial conditions, especially during the Covid-19 pandemic period. This phenomenon has attracted the authors’ attention to learn the determinants of the subjective financial well-being of this group in Malaysia. In terms of data collection, questionnaires were distributed to emerging adults in Klang Valley. Then, the SPSS software is used for data analysis. The results showed that the subjective financial well-being of Malaysian emerging adults could be influenced by psychological factors such as financial stress and internal locus of control, own’s attitude towards finance as well as financial knowledge. Gender has been added as a moderating variable to examine its impact on financial knowledge and SFWB and it showed a significant result too. This research could serve as a reference for the government and stakeholders for enhancing financial well-being at the stage of emerging adulthood.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 10th International Conference on Business, Accounting, Finance and Economics (BAFE 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
4 February 2023
ISBN
978-2-494069-99-2
ISSN
2352-5428
DOI
10.2991/978-2-494069-99-2_11How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Min Wen Loo
AU  - Yoke Chin Kuah
AU  - Feng Mei Liew
PY  - 2023
DA  - 2023/02/04
TI  - Factors Affecting Subjective Financial Well-Being of Emerging Adults in Malaysia
BT  - Proceedings of the 10th International Conference on Business, Accounting, Finance and Economics (BAFE 2022)
PB  - Atlantis Press
SP  - 132
EP  - 148
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-2-494069-99-2_11
DO  - 10.2991/978-2-494069-99-2_11
ID  - Loo2023
ER  -