Savings behavior and financial problems among college students: the role of financial literacy in Malaysia
This study analyzes the relationship of savings behavior and financial problems to financial literacy among college students in Malaysia. Controlling for correlates of financial literacy, multivariate analysis of a sample obtained at 11 colleges and universities demonstrated that students who had hi...
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| Format: | Article |
| Language: | English |
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Canadian Academy of Oriental and Occidental Culture
2010
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| Online Access: | http://psasir.upm.edu.my/id/eprint/15051/ http://psasir.upm.edu.my/id/eprint/15051/1/Savings%20behavior%20and%20financial%20problems%20among%20college%20students%20the%20role%20of%20financial%20literacy%20in%20Malaysia.pdf |
| _version_ | 1848842568613232640 |
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| author | Sabri, Mohamad Fazli MacDonald, Maurice |
| author_facet | Sabri, Mohamad Fazli MacDonald, Maurice |
| author_sort | Sabri, Mohamad Fazli |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | This study analyzes the relationship of savings behavior and financial problems to financial literacy among college students in Malaysia. Controlling for correlates of financial literacy, multivariate analysis of a sample obtained at 11 colleges and universities demonstrated that students who had higher financial knowledge test scores were more likely to report savings behavior and also reported fewer financial problems. The influence of childhood consumer experience and financial socialization agents on savings and financial problems was more mixed, indicating that financial experience before college may create bad habits or poor attitudes toward financial management that could be mitigated through financial education during college. Implications of these findings for targeting financial education on particular kinds of students are discussed. |
| first_indexed | 2025-11-15T08:01:12Z |
| format | Article |
| id | upm-15051 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T08:01:12Z |
| publishDate | 2010 |
| publisher | Canadian Academy of Oriental and Occidental Culture |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-150512019-05-09T01:07:08Z http://psasir.upm.edu.my/id/eprint/15051/ Savings behavior and financial problems among college students: the role of financial literacy in Malaysia Sabri, Mohamad Fazli MacDonald, Maurice This study analyzes the relationship of savings behavior and financial problems to financial literacy among college students in Malaysia. Controlling for correlates of financial literacy, multivariate analysis of a sample obtained at 11 colleges and universities demonstrated that students who had higher financial knowledge test scores were more likely to report savings behavior and also reported fewer financial problems. The influence of childhood consumer experience and financial socialization agents on savings and financial problems was more mixed, indicating that financial experience before college may create bad habits or poor attitudes toward financial management that could be mitigated through financial education during college. Implications of these findings for targeting financial education on particular kinds of students are discussed. Canadian Academy of Oriental and Occidental Culture 2010 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/15051/1/Savings%20behavior%20and%20financial%20problems%20among%20college%20students%20the%20role%20of%20financial%20literacy%20in%20Malaysia.pdf Sabri, Mohamad Fazli and MacDonald, Maurice (2010) Savings behavior and financial problems among college students: the role of financial literacy in Malaysia. Cross-Cultural Communication, 6 (3). pp. 103-110. ISSN 1712-8358; ESSN: 1923-6700 http://cscanada.net/index.php/ccc/article/view/j.ccc.1923670020100603.009 10.3968/j.ccc.1923670020100603.009 |
| spellingShingle | Sabri, Mohamad Fazli MacDonald, Maurice Savings behavior and financial problems among college students: the role of financial literacy in Malaysia |
| title | Savings behavior and financial problems among college students: the role of financial literacy in Malaysia |
| title_full | Savings behavior and financial problems among college students: the role of financial literacy in Malaysia |
| title_fullStr | Savings behavior and financial problems among college students: the role of financial literacy in Malaysia |
| title_full_unstemmed | Savings behavior and financial problems among college students: the role of financial literacy in Malaysia |
| title_short | Savings behavior and financial problems among college students: the role of financial literacy in Malaysia |
| title_sort | savings behavior and financial problems among college students: the role of financial literacy in malaysia |
| url | http://psasir.upm.edu.my/id/eprint/15051/ http://psasir.upm.edu.my/id/eprint/15051/ http://psasir.upm.edu.my/id/eprint/15051/ http://psasir.upm.edu.my/id/eprint/15051/1/Savings%20behavior%20and%20financial%20problems%20among%20college%20students%20the%20role%20of%20financial%20literacy%20in%20Malaysia.pdf |