NEWS analysis towards youth financial competency management

Isa, Khairunesa and Ahmad, Abd. Rahman and Md. Yusoff, Rosman and Ani, Fauziah and Isa, Fadzlunesa (2018) NEWS analysis towards youth financial competency management. International Journal of Engineering & Technology, 7 (2.29). pp. 1151-1154. ISSN 0222-7524

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Abstract

This is a descriptive study of the financial management competency of rural youth. Around 200 youths from areas of Parit Raja, Batu Pahat Johor participated as respondents for this study. Lack of knowledge in managing finances and imbalance in mitigating lifestyles are chief factors which caused youth to be within the highest group declared bancrupt in 2014. 36 items in the survey was ued as intrument for this study which are respondents’ background, spending pattern based on NEWS Analysis, competeny level in financial management and challenges faced in managing finances. Results yielded showed that expenditure pattern for youth in ‘needs’ are significantly higher than those in ‘wants’. Eventhough the ratio is rather small which is 1:30, the level of competency of youth finance is rather high at the value of min 4.04. Nevertheless, the challenges faced by respondents are at an average level (min=3.14). In conclusion, rural youths has high level of literacy. This is due to the exposure obtained when they were young and spending pattern based on NEWS Analysis. Hence, even though youth faced obstacles they are nevertheless aware and know the steps which need to be taken to ensure the stability of their finances.

Item Type:	Article
Uncontrolled Keywords:	NEWS Analysis; Financial Competency; Youth; Bankcruptcy and Stability
Subjects:	H Social Sciences > HG Finance > HG4001-4285 Finance management. Business finance. Corporation finance H Social Sciences > HJ Public Finance > HJ2005-2216 Income and expenditure. Budget
Divisions:	Center for General Studies and Co -curricular > Department of Social Science
Depositing User:	UiTM Student Praktikal
Date Deposited:	24 Jan 2022 03:32
Last Modified:	24 Jan 2022 03:32
URI:	http://eprints.uthm.edu.my/id/eprint/5846

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