Financial Literacy among University Students and its Implications towards Financial Scams

  • Norzitah Abdul Karim Universiti Teknologi MARA, Puncak Alam
  • Zainora Ab Wahid Universiti Teknologi MARA, Puncak Alam
  • Syahrul-Niza Kamarul Ariffin Universiti Teknologi MARA, Puncak Alam
  • Sharifah Heryati Syed Nor Universiti Teknologi MARA, Puncak Alam
  • Ahmad Najib Nazlan Malayan Banking Berhad
  • Salina Kassim International Islamic University
DOI: https://doi.org/10.22610/imbr.v15i3(I).3560
Keywords: Financial literacy, knowledge, financial scam, university students

Abstract

The acquisition of financial literacy is crucial in facilitating improved financial decision-making and promoting the long-term financial stability of individuals, families, and the nation as a whole. It is anticipated that increased levels of financial literacy, particularly among younger cohorts, will result in enhanced economic indicators, improved payment records, and more sustainable levels of debt for both people and the nation. The attainment of a high quality of life is of paramount importance for Malaysia's progression towards achieving the status of a developed nation. However, it is worth noting that a significant proportion of Malaysians, specifically one out of every three individuals, perceive their level of financial awareness to be relatively low. Moreover, a significant disparity exists in the level of financial literacy among 15-year-old pupils in OECD and partner countries, such as Malaysia. This study attempts to explore conceptually the relationship between financial literacy and its impacts on financial scams among university students. This study will increase the level of financial literacy among Malaysians before embarking on any financial investments.

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Published
2023-10-08
How to Cite
Abdul Karim, N., Ab Wahid, Z., Kamarul Ariffin, S.-N., Syed Nor, S. H., Nazlan, A. N., & Kassim, S. (2023). Financial Literacy among University Students and its Implications towards Financial Scams. Information Management and Business Review, 15(3(I), 124-128. https://doi.org/10.22610/imbr.v15i3(I).3560
Issue
Vol 15 No 3(I) (2023)
Section
Research Paper

Copyright (c) 2023 Norzitah Abdul Karim, Zainora Ab Wahid, Syahrul-Niza Kamarul Ariffin, Sharifah Heryati Syed Nor, Ahmad Najib Nazlan, Salina Kassim

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