Factors Affecting Malaysian Millennials in Paying Debt


Suhaimi, Shadia and Mohd, Siti Nurul Huda and Hashim, Haniza and Shafee, Nur Baiti and Sian, Yip Siew (2019) Factors Affecting Malaysian Millennials in Paying Debt. In: 5th Asia International Conference 2019 (AIC 2019), 7-8 Dec. 2019, Kuala Lumpur Convention Centre (KLCC), Kuala Lumpur, Malaysia, Kuala Lumpur, Malaysia.

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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: Conference or Workshop Item (Paper)
Uncontrolled Keywords: Millennials, Fresh Graduates, Debt
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 Rosnani Abd Wahab
Date Deposited: 13 Sep 2021 04:01
Last Modified: 14 Sep 2021 00:07
URII: http://shdl.mmu.edu.my/id/eprint/9581


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