Determinant of Financial Well-Being Among Academic Staff in Private Higher Learning Institution in Melaka

  • Suzana Ab Rahman, Asnul Dahar Minghat, Hamidah Normah, Zuraidah Hanim , Mohd Kadri Mohd Salleh

Abstract

A group of professional’s credit card bad behaviour will lead to awful on personal financial well-being and affect their poor financial planning for retirement as low saving in future plan. Furthermore, the statistic of bankruptcy shows that professionals have seen a significant increase from 2017 in 49 cases to an increase of 834 cases in 2018. Consequently, based on financial well-being issue and difficulty, this study aims to investigate the relationship between money management, financial behaviour and bank information transparency towards financial well-being among professional employees. The data were analyzed using the IBM statistical package for the social sciences (SPSS) version 22.0 software for descriptive statistic and correlation analysis. This study employs i74 participants of staff academic at KUIM. The result of the present study found that the financial well-being has the relationship between money management, bank information transparency and financial behaviour. Nevertheless, future researchers will use other data analysis to analyze the instrument for financial well-being and provide other research outcomes.

Published
2020-04-14
How to Cite
Suzana Ab Rahman, Asnul Dahar Minghat, Hamidah Normah, Zuraidah Hanim , Mohd Kadri Mohd Salleh. (2020). Determinant of Financial Well-Being Among Academic Staff in Private Higher Learning Institution in Melaka. International Journal of Advanced Science and Technology, 29(7s), 433 - 437. Retrieved from https://sersc.org/journals/index.php/IJAST/article/view/9458