The Social Sciences
ISSN: Online 1993-6125ISSN: Print 1818-5800
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The Effect of Financial Literacy and Attitude Toward Credit Cards on Financial Well-Being among Undergraduates in East Malaysia
Hon Kai Yee, Chua Bee Seok, Lailawati Madlan, Walton Wider, Ferlis Bullare Bahari and Jasmine Adela Mutang
Page: 1143-1150 | Received 21 Sep 2022, Published online: 21 Sep 2022
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Abstract
In this era of globalization, the society encounters complex changes whether socioculturally or socioeconomically. This change brings about a shift in lifestyle and it is affecting the society, especially those who are imprudent financially. People who lack knowledge in financial management and at the same time are irresponsible in using credit cards will make them vulnerable to serious financial problems. The aim of this study was to find the significant determinants of student’s financial well-being. Financial literacy and attitude toward credit cards were proposed as predictors. A total of 434 undergraduates from two public universities and one private university have participated in this study. It was found that all predictors played a significant role in financial well-being. Understanding the influential factors of financial well-being among undergraduate students would benefit several parties, especially the young people and government, by regarding the key determinants of financial well-being.
How to cite this article:
Hon Kai Yee, Chua Bee Seok, Lailawati Madlan, Walton Wider, Ferlis Bullare Bahari and Jasmine Adela Mutang. The Effect of Financial Literacy and Attitude Toward Credit Cards on
Financial Well-Being among Undergraduates in East Malaysia.
DOI: https://doi.org/10.36478/sscience.2017.1143.1150
URL: https://www.makhillpublications.co/view-article/1818-5800/sscience.2017.1143.1150