The influence of financial literacy, saving behaviour, and financial management on retirement confidence among women working in the Malaysian public sector
Awareness of retirement confidence has been found to be low in many people, especially in women. Much of past research has revealed that women consistently perform a poor level of retirement confidence compared to men. This study aims to examine the influence of financial literacy, saving behaviour,...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Canadian Center of Science and Education
2014
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| Online Access: | http://psasir.upm.edu.my/id/eprint/35734/ http://psasir.upm.edu.my/id/eprint/35734/1/The%20Influence%20of%20Financial%20Literacy%2C%20Saving%20Behaviour%2C%20and%20Financial.pdf |
| _version_ | 1848848137373876224 |
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| author | Sabri, Mohamad Fazli Teo, Tze Juen |
| author_facet | Sabri, Mohamad Fazli Teo, Tze Juen |
| author_sort | Sabri, Mohamad Fazli |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | Awareness of retirement confidence has been found to be low in many people, especially in women. Much of past research has revealed that women consistently perform a poor level of retirement confidence compared to men. This study aims to examine the influence of financial literacy, saving behaviour, and financial management on retirement confidence among women working in the Malaysian public sector. Multi-stage random sampling technique was applied as the sampling technique in this study. 708 respondents participated in this study. This study applied Pearson Correlational analysis to determine the relationship between the variables. The findings reveal that retirement confidence is positively correlated with financial literacy, saving behaviour, and financial management. Furthermore, multiple regression analysis was applied to determine the predictors of retirement confidence. This study concludes that financial literacy, saving behaviour, financial management, and financial status are significant predictors of retirement confidence among working women, with financial management as the major factor contributing towards retirement confidence. The findings of this study have practical implications for financial advisors in helping working women to be more aware of their future retirement life financial needs and to prevent financial crisis in later years.
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| first_indexed | 2025-11-15T09:29:43Z |
| format | Article |
| id | upm-35734 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T09:29:43Z |
| publishDate | 2014 |
| publisher | Canadian Center of Science and Education |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-357342016-02-04T02:38:45Z http://psasir.upm.edu.my/id/eprint/35734/ The influence of financial literacy, saving behaviour, and financial management on retirement confidence among women working in the Malaysian public sector Sabri, Mohamad Fazli Teo, Tze Juen Awareness of retirement confidence has been found to be low in many people, especially in women. Much of past research has revealed that women consistently perform a poor level of retirement confidence compared to men. This study aims to examine the influence of financial literacy, saving behaviour, and financial management on retirement confidence among women working in the Malaysian public sector. Multi-stage random sampling technique was applied as the sampling technique in this study. 708 respondents participated in this study. This study applied Pearson Correlational analysis to determine the relationship between the variables. The findings reveal that retirement confidence is positively correlated with financial literacy, saving behaviour, and financial management. Furthermore, multiple regression analysis was applied to determine the predictors of retirement confidence. This study concludes that financial literacy, saving behaviour, financial management, and financial status are significant predictors of retirement confidence among working women, with financial management as the major factor contributing towards retirement confidence. The findings of this study have practical implications for financial advisors in helping working women to be more aware of their future retirement life financial needs and to prevent financial crisis in later years. Canadian Center of Science and Education 2014 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/35734/1/The%20Influence%20of%20Financial%20Literacy%2C%20Saving%20Behaviour%2C%20and%20Financial.pdf Sabri, Mohamad Fazli and Teo, Tze Juen (2014) The influence of financial literacy, saving behaviour, and financial management on retirement confidence among women working in the Malaysian public sector. Asian Social Science, 10 (14). pp. 40-51. ISSN 1911-2017; ESSN: 1911-2025 http://ccsenet.org/journal/index.php/ass/article/view/37912 10.5539/ass.v10n14p40 |
| spellingShingle | Sabri, Mohamad Fazli Teo, Tze Juen The influence of financial literacy, saving behaviour, and financial management on retirement confidence among women working in the Malaysian public sector |
| title | The influence of financial literacy, saving behaviour, and financial management on retirement confidence among women working in the Malaysian public sector |
| title_full | The influence of financial literacy, saving behaviour, and financial management on retirement confidence among women working in the Malaysian public sector |
| title_fullStr | The influence of financial literacy, saving behaviour, and financial management on retirement confidence among women working in the Malaysian public sector |
| title_full_unstemmed | The influence of financial literacy, saving behaviour, and financial management on retirement confidence among women working in the Malaysian public sector |
| title_short | The influence of financial literacy, saving behaviour, and financial management on retirement confidence among women working in the Malaysian public sector |
| title_sort | influence of financial literacy, saving behaviour, and financial management on retirement confidence among women working in the malaysian public sector |
| url | http://psasir.upm.edu.my/id/eprint/35734/ http://psasir.upm.edu.my/id/eprint/35734/ http://psasir.upm.edu.my/id/eprint/35734/ http://psasir.upm.edu.my/id/eprint/35734/1/The%20Influence%20of%20Financial%20Literacy%2C%20Saving%20Behaviour%2C%20and%20Financial.pdf |