Abstract
Female-headed households in Malaysia have been a financially vulnerable community in the society where their life satisfaction becomes a question. Therefore, this study aims to determine the factors affecting life satisfaction among female-headed households in Malaysia. A total of 527 respondents who are single, divorced, separated or widowed women, with children in the home including those on public assistance participated in this study which adapted a multi-stage sampling method using self-administered questionnaire. The results show that locus of control, religiosity, financial capability, and financial vulnerability have positive significant relationships with life satisfaction. The multiple regressions show that locus of control, religiosity, financial capability, and financial vulnerability are significant determinants of life satisfaction among female-headed household in Malaysia. More knowledge, and enhancement through financial workshops could be helpful to empower female-headed household on the use of modern financial instruments. Hence, able to increase financial capability and reduce financial vulnerability of female-headed households in Malaysia towards a better life satisfaction.
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