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Determining factors of financial literacy among settlers in Felda Bukit Tangga, Kedah

Muhd Hafirzan, Abdul Aziz (2014) Determining factors of financial literacy among settlers in Felda Bukit Tangga, Kedah. Masters thesis, Universiti Utara Malaysia.

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The purpose of this study is to determine the level of personal financial literacy among the settlers of FELDA Bukit Tangga, Kedah. It also examines the factors that determine the level of personal financial literacy level among the FELDA settlers. A personal financial literacy test was developed and it comprises of 10 questions pertaining to various basic personal finance areas such as time value of money, risk and return, investment and inflation. In addition, a questionnaire consisting of 20 items was developed to examine the determinants of personal financial literacy level. This questionnaire contains several personal finance aspects, namely, parental factor, credit management, savings, investment, retirement planning, education, gender, age, income, and years of working. The average score of the financial literacy test for the FELDA sample is only 45.6%. Generally, the respondents scored badly on questions pertaining to inflation, risk and return, stocks and bonds, diversification and time value of money. The findings of the study revealed that generally the most significant problems faced by the FELDA Bukit Tangga settlers are that their education level is low, low and inconsistent income, limited scope of working experience and relatively low level of financial literacy. In the regression analysis findings, two variables that are found to be significant in determining the financial literacy level is credit management behaviour (CREDIT) and investment behaviour (INVEST). The findings have particularly implicated to the FELDA management and other relevant agencies that they can objectively assess the FELDA settlers’ personal financial level as well as develop specific training programmes for them.

Item Type: Thesis (Masters)
Uncontrolled Keywords: Personal finance, financial literacy, FELDA, retirement planning
Subjects: H Social Sciences > HG Finance
Divisions: Othman Yeop Abdullah Graduate School of Business
Depositing User: Mr. Badrulsaman Hamid
Date Deposited: 01 Mar 2015 03:03
Last Modified: 17 Apr 2016 03:19
URI: http://etd.uum.edu.my/id/eprint/4361

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