Abstract
This paper investigated the relationship between future orientation and financial literacy toward personal financial management practices among Generation Y in Malaysia, particularly amongst those who were born between 1981 and 2001 coming from Sabah, Sarawak, Selangor, Kuala Lumpur, Johor, and Penang. A total of 146 valid questionnaires were used for the analysis carried out in this paper. Data was analyzed using the Structural Equation Modelling (SEM) technique using Partial Least Squares (PLS). The outcomes displayed that future orientation and financial literacy have significantly positive effect on personal financial management practices. Nonetheless, gender does not have a moderating role between financial literacy and future orientation on personal financial management practices among Generation Y in Malaysia. The study’s outputs may serve as guidelines by the Malaysian government agencies and policy makers, apart from extending the body of knowledge to shed some light on personal financial management practices. The findings of the study also offer an alternative approach in addressing the escalating bankruptcy issues faced by Generation Y in Malaysia.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: Asian Journal of Economics, Business and Accounting
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
