Financial wellbeing of older Peninsular Malaysians: a gender comparison
Longer life expectancy means older persons can live longer but it also implied that they need more money to sustain their old age. Nevertheless, research on financial wellbeing of older persons in Malaysia is few and this lead to this study highlighting some facts related to financial wellbeing of o...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Canadian Center of Science and Education
2010
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| Online Access: | http://psasir.upm.edu.my/id/eprint/14763/1/14763.pdf |
| _version_ | 1796968710556090368 |
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| author | Chan, Benjamin Yin Fah Masud, Jariah Tengku Abdul Hamid, Tengku Aizan Paim, Laily |
| author_facet | Chan, Benjamin Yin Fah Masud, Jariah Tengku Abdul Hamid, Tengku Aizan Paim, Laily |
| author_sort | Chan, Benjamin Yin Fah |
| collection | UPM |
| description | Longer life expectancy means older persons can live longer but it also implied that they need more money to sustain their old age. Nevertheless, research on financial wellbeing of older persons in Malaysia is few and this lead to this study highlighting some facts related to financial wellbeing of older Malaysians. A total of 1,841 older Malaysians from 60 territorial divisions in Peninsular Malaysia have been interviewed. Looking at gender differences, male and female respondents have significant differences in financial literacy, monetary attitude, financial practices as well as financial problems. Multiple regressions explained 31% variance in financial wellbeing. Female in this study are more likely to be relegated because of lower education and less net worth compared to older men. It is therefore a great challenge for older women as well as other parties to increase the financial wellbeing of older women. |
| first_indexed | 2024-03-06T07:32:20Z |
| format | Article |
| id | upm.eprints-14763 |
| institution | Universiti Putra Malaysia |
| language | English |
| last_indexed | 2024-03-06T07:32:20Z |
| publishDate | 2010 |
| publisher | Canadian Center of Science and Education |
| record_format | dspace |
| spelling | upm.eprints-147632019-04-09T03:53:07Z http://psasir.upm.edu.my/id/eprint/14763/ Financial wellbeing of older Peninsular Malaysians: a gender comparison Chan, Benjamin Yin Fah Masud, Jariah Tengku Abdul Hamid, Tengku Aizan Paim, Laily Longer life expectancy means older persons can live longer but it also implied that they need more money to sustain their old age. Nevertheless, research on financial wellbeing of older persons in Malaysia is few and this lead to this study highlighting some facts related to financial wellbeing of older Malaysians. A total of 1,841 older Malaysians from 60 territorial divisions in Peninsular Malaysia have been interviewed. Looking at gender differences, male and female respondents have significant differences in financial literacy, monetary attitude, financial practices as well as financial problems. Multiple regressions explained 31% variance in financial wellbeing. Female in this study are more likely to be relegated because of lower education and less net worth compared to older men. It is therefore a great challenge for older women as well as other parties to increase the financial wellbeing of older women. Canadian Center of Science and Education 2010 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/14763/1/14763.pdf Chan, Benjamin Yin Fah and Masud, Jariah and Tengku Abdul Hamid, Tengku Aizan and Paim, Laily (2010) Financial wellbeing of older Peninsular Malaysians: a gender comparison. Asian Social Science, 6 (3). pp. 58-71. ISSN 1911-2017; ESSN: 1911-2025 http://www.ccsenet.org/journal/index.php/ass/article/view/4555 10.5539/ass.v6n3p58 |
| spellingShingle | Chan, Benjamin Yin Fah Masud, Jariah Tengku Abdul Hamid, Tengku Aizan Paim, Laily Financial wellbeing of older Peninsular Malaysians: a gender comparison |
| title | Financial wellbeing of older Peninsular Malaysians: a gender comparison |
| title_full | Financial wellbeing of older Peninsular Malaysians: a gender comparison |
| title_fullStr | Financial wellbeing of older Peninsular Malaysians: a gender comparison |
| title_full_unstemmed | Financial wellbeing of older Peninsular Malaysians: a gender comparison |
| title_short | Financial wellbeing of older Peninsular Malaysians: a gender comparison |
| title_sort | financial wellbeing of older peninsular malaysians a gender comparison |
| url | http://psasir.upm.edu.my/id/eprint/14763/1/14763.pdf |
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