Financially Vulnerable and Financial Management Among Fresh Graduates Entering the Workforce: Youth Bankruptcy Soars

Wan Musyirah Wan Ismail, Noorzalyla Mokhtar, Nor Maslia Rasli Samudin, Nurhafizah Mohd Zolkapli and Noor Rafhati Romaiha
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Wan Musyirah Wan Ismail: Universiti Teknologi MARA Kampus Bandaraya Melaka
Noorzalyla Mokhtar: Universiti Teknologi MARA Kampus Bandaraya Melaka
Nor Maslia Rasli Samudin: Universiti Teknologi MARA Kampus Bandaraya Melaka
Nurhafizah Mohd Zolkapli: Universiti Teknologi MARA Kampus Bandaraya Melaka
Noor Rafhati Romaiha: Universiti Teknologi MARA Kampus Bandaraya Melaka

International Journal of Research and Innovation in Social Science, 2025, vol. 9, issue 5, 4715-4720

Abstract: Fresh graduates face a crucial period of financial transition when entering the workforce. Often unprepared for the responsibilities that accompany financial independence, many struggle with debt, budgeting, and savings. This paper provides evidence of the young generation nowadays exposed to bankruptcy. This paper also explores common financial behaviors, challenges, and management strategies relevant to young professionals beginning their careers. It emphasizes the importance of early financial literacy, proposes effective personal finance techniques, and outlines the potential role of institutions in supporting young adults’ financial well-being. Recommendations include comprehensive budgeting practices, debt management, emergency savings, and educational interventions to build long-term financial stability.

Date: 2025
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