Mediating effect of financial behavior on the relationship between perceived financial wellbeing and its factors among low-income young adults in Malaysia
The main objective of this study is to investigate the associations between financial knowledge, locus of control (LOC) and perceived financial wellbeing (FWB) with financial behaviour as a mediator among young adults from low-income households in Malaysia, controlling for education and income. The...
| Main Authors: | , , , , |
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| Format: | Article |
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Frontiers Research Foundation
2022
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| Online Access: | http://psasir.upm.edu.my/id/eprint/102163/ |
| _version_ | 1848863731990134784 |
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| author | Sabri, Mohamad Fazli Wahab, Rozita Mahdzan, Nurul Shahnaz Magli, Amirah Shazana Abd Rahim, Husniyah |
| author_facet | Sabri, Mohamad Fazli Wahab, Rozita Mahdzan, Nurul Shahnaz Magli, Amirah Shazana Abd Rahim, Husniyah |
| author_sort | Sabri, Mohamad Fazli |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | The main objective of this study is to investigate the associations between financial knowledge, locus of control (LOC) and perceived financial wellbeing (FWB) with financial behaviour as a mediator among young adults from low-income households in Malaysia, controlling for education and income. The sample of this study consisted of 482 young adults from five different zones in Peninsular and East Malaysia, which were selected using a multi-stage sampling technique. Data were collected using a set of questionnaire-based surveys. The data were then analysed using Covariance Based Structural Equation Modelling (SEM). The study found that financial knowledge and external LOC as well as financial behaviour were significantly correlated with the perceived FWB of low-income young adults in Malaysia. The results also revealed that financial behaviour mediates the influence by financial knowledge and internal LOC on perceived FWB controlling for education and income. The findings of this study provide insights into the factors of perceived FWB of low-income young adults in Peninsular and East Malaysia. Policymakers, government and non-government organisations may utilise this study to develop new policies, financial programmes or campaigns to enhance the FWB of low-income young adults in Malaysia. |
| first_indexed | 2025-11-15T13:37:35Z |
| format | Article |
| id | upm-102163 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-15T13:37:35Z |
| publishDate | 2022 |
| publisher | Frontiers Research Foundation |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-1021632023-06-19T08:15:46Z http://psasir.upm.edu.my/id/eprint/102163/ Mediating effect of financial behavior on the relationship between perceived financial wellbeing and its factors among low-income young adults in Malaysia Sabri, Mohamad Fazli Wahab, Rozita Mahdzan, Nurul Shahnaz Magli, Amirah Shazana Abd Rahim, Husniyah The main objective of this study is to investigate the associations between financial knowledge, locus of control (LOC) and perceived financial wellbeing (FWB) with financial behaviour as a mediator among young adults from low-income households in Malaysia, controlling for education and income. The sample of this study consisted of 482 young adults from five different zones in Peninsular and East Malaysia, which were selected using a multi-stage sampling technique. Data were collected using a set of questionnaire-based surveys. The data were then analysed using Covariance Based Structural Equation Modelling (SEM). The study found that financial knowledge and external LOC as well as financial behaviour were significantly correlated with the perceived FWB of low-income young adults in Malaysia. The results also revealed that financial behaviour mediates the influence by financial knowledge and internal LOC on perceived FWB controlling for education and income. The findings of this study provide insights into the factors of perceived FWB of low-income young adults in Peninsular and East Malaysia. Policymakers, government and non-government organisations may utilise this study to develop new policies, financial programmes or campaigns to enhance the FWB of low-income young adults in Malaysia. Frontiers Research Foundation 2022-05-19 Article PeerReviewed Sabri, Mohamad Fazli and Wahab, Rozita and Mahdzan, Nurul Shahnaz and Magli, Amirah Shazana and Abd Rahim, Husniyah (2022) Mediating effect of financial behavior on the relationship between perceived financial wellbeing and its factors among low-income young adults in Malaysia. Frontiers in Psychology, 13. pp. 1-16. ISSN 1664-1078 https://www.frontiersin.org/articles/10.3389/fpsyg.2022.858630/full 10.3389/fpsyg.2022.858630 |
| spellingShingle | Sabri, Mohamad Fazli Wahab, Rozita Mahdzan, Nurul Shahnaz Magli, Amirah Shazana Abd Rahim, Husniyah Mediating effect of financial behavior on the relationship between perceived financial wellbeing and its factors among low-income young adults in Malaysia |
| title | Mediating effect of financial behavior on the relationship between perceived financial wellbeing and its factors among low-income young adults in Malaysia |
| title_full | Mediating effect of financial behavior on the relationship between perceived financial wellbeing and its factors among low-income young adults in Malaysia |
| title_fullStr | Mediating effect of financial behavior on the relationship between perceived financial wellbeing and its factors among low-income young adults in Malaysia |
| title_full_unstemmed | Mediating effect of financial behavior on the relationship between perceived financial wellbeing and its factors among low-income young adults in Malaysia |
| title_short | Mediating effect of financial behavior on the relationship between perceived financial wellbeing and its factors among low-income young adults in Malaysia |
| title_sort | mediating effect of financial behavior on the relationship between perceived financial wellbeing and its factors among low-income young adults in malaysia |
| url | http://psasir.upm.edu.my/id/eprint/102163/ http://psasir.upm.edu.my/id/eprint/102163/ http://psasir.upm.edu.my/id/eprint/102163/ |