ISSN: 2222-6990
Open access
Financial capability is an important element in the lives of every individual, especially in the period of facing COVID-19 dynamics. Thus, the main objective of the study is to determine the factors influencing the financial capability of the millennial generation. The survey method using a random sampling technique was applied in this study. The study sample is the millennial generation who serve as civil servants in the Public Service Department (JPA), Putrajaya. Questionnaires were used as data collection instruments. As a result, a total of 270 respondents were involved in this study. Multi-level regression analysis was used to elucidate the objectives of the study. Preliminary results of the study indicate that the financial capability of the millennial generation is high. Subsequent findings indicate that financial knowledge, financial behavior, motivation, and opportunity have a significant relationship with financial capability. However, the financial knowledge factor has only a small influence on the financial capability of the millennial generation. These findings imply that factors such as financial behavior, motivation, and opportunity need to be considered in order to improve an individual’s financial capability. In addition, increasing the opportunities and accessibility of the millennial generation to financial facilities also needs to be given attention.
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In-Text Citation: (Zaimah et al., 2022)
To Cite this Article: Zaimah, R., Ibrahim, N. M., Sarmila, M. S., & Awang, A. Hair. (2022). The Financial Capability of the Millennial Generation during the Pandemic of Covid-19. International Journal of Academic Research in Business and Social Sciences, 12(11), 2161 – 2175.
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