ISSN: 2225-8329
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The advancement of technology in the world has resulted in numerous changes in the economic development of countries such as Malaysia. However, the globalisation period caused many changes in countries around the world, both positively and negatively affecting daily life needs. Hence, financial management behaviour plays an important role in shaping the financial success of young working adults in Malaysia. This conceptual paper is intended to investigate the correlation between financial attitudes, financial self-efficacy, and personal income concerning the financial management behaviour of young employed individuals in Malaysia. The quantitative method will be used for this study, with primary data collected via questionnaires distributed to individuals between the ages of 18 and 40 in The Klang Valley, Malaysia. The data will be analysed using structural equation modelling (SEM) and partial least squares (PLS). This study is expected to make a substantial contribution that may lead to the development of a new paradigm that can be utilised by researchers, governmental bodies, and other organisations for future research endeavours. Furthermore, understanding the financial behaviour of young working adults is essential for formulating policies and interventions that foster economic resiliency and prosperity among this demographic.
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(Mohamad et al., 2023)
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