The Impact of Financial Shock, Behavior, and Knowledge on the Financial Fragility of Single Youth

Zaimah Ramli, Henry Borromeo Anak Nyirop, Sarmila Md Sum and Abd Hair Awang
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Zaimah Ramli: Development Studies, Faculty of Social Science and Humanities, Universiti Kebangsaan Malaysia (UKM), Bangi 43600, Selangor, Malaysia
Henry Borromeo Anak Nyirop: SBP Management Division, Ministry of Education Malaysia, Aras 3, Bangunan Mustapha Kamal, Cyberjaya 63000, Selangor, Malaysia
Sarmila Md Sum: Development Studies, Faculty of Social Science and Humanities, Universiti Kebangsaan Malaysia (UKM), Bangi 43600, Selangor, Malaysia
Abd Hair Awang: Development Studies, Faculty of Social Science and Humanities, Universiti Kebangsaan Malaysia (UKM), Bangi 43600, Selangor, Malaysia

Sustainability, 2022, vol. 14, issue 8, 1-13

Abstract: Financial fragility is an important issue in the well-being of individuals. Previous studies have shown that many young people are vulnerable to financial fragility. To add value to previous findings, the issue of financial fragility was focused on single youths in the middle-income group (M40) in urban areas. The objective of the study was to determine the factors influencing the financial fragility of single youth (M40) in urban areas. A quantitative approach using a survey method was applied. The study’s sample consisted of 25–34-year-old single urban youths. Questionnaires were used as research instruments and were distributed online. A total of 374 samples were analyzed using multilevel regression. The results of the analysis show that spending knowledge, financial behavior, saving behavior, and financial shock are the determining factors of financial fragility among M40 single youth in urban areas.

Keywords: spending; saving; indebted; middle income; urban (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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