An enigma of Malaysia's low-income young adults: Mediation of financial behaviour on financial well-being and locus of control cohesion.

ABSTRACT: Young adults face many significant challenges to their financial well-being. The rising cost of living and unstable economies have impacted how they consume, manage, and save monthly income to maintain their standard of living. Hence, exploring the financial well-being of young adults in Malaysia is an intriguing and relevant research topic that deserves examination from multiple perspectives. This study aims to investigate how these three factors, namely financial knowledge and locus of control with financial behaviour as a mediator, are correlated with the financial well-being of low-income young adults in Malaysia. A total of 520 young adults from North, Central, South, East zones in Peninsular Malaysia and East Malaysia were randomly chosen using a multi-stage sampling technique as the

SUBMITTER: Sabri MF 

PROVIDER: S-EPMC10343140 | biostudies-literature | 2023

REPOSITORIES: biostudies-literature