Citation

Suhaimi, Shadia and Mohd, Siti Nurul Huda and Hashim, Haniza and Sian, Yip Siew and Shafee, Nur Baiti (2020) Factors Affecting Malaysian Millennials in Paying Debt. International Journal of Psychosocial Rehabilitation, 24 (3). pp. 1443-1452. ISSN 1475-7192

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Abstract

The purpose of this research is to identify the causes that make Malaysian millennials or fresh graduates face difficulty in repaying their basic debts such as study loans, car loans or rental. Basically, debts can be viewed from different perspective. It can be negative or positive and it depends on the repayment pattern by the debtor itself. Therefore, as a smart millennial, they need to have a good financial knowledge in managing their wealth so that they won’t face any problems in the future. It is because, when they failed to plan, then it means that they will easily fall into bankruptcy and face financial crisis in daily life. Hence, some questions arise, on how fresh graduates manage their income in paying basic expenses such as electricity bills or rental. So, this study is focusing on investigating the factors that affect the ability of Malaysians fresh graduates in repaying debts. Questionnaire has been distributed and collected from 200 respondents which are among fresh graduates and this study tested the relationship between income, personal attitude, financial knowledge, heavy credit card spending, and high cost of living with the ability of fresh graduate in repay the debts.

Item Type:	Article
Uncontrolled Keywords:	Debt, Millennials, Fresh Graduates
Subjects:	H Social Sciences > HG Finance > HG3691-3769 Credit. Debt. Loans. Including credit institutions, credit instruments, consumer credit, bankruptcy
Divisions:	Faculty of Business (FOB)
Depositing User:	Ms Suzilawati Abu Samah
Date Deposited:	28 Dec 2020 15:50
Last Modified:	28 Dec 2020 15:50
URII:	http://shdl.mmu.edu.my/id/eprint/8016

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