Financial Status Among The Malaysian Elderly

The increasing life expectancy phenomenon forces the people to have enough money to meet their needs in old age. Therefore the finance matter is vital for the elderly. This study aims to investigate the financial status of Malaysian elderly and its associations with social demographic characteristic...

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Main Author:	Parsa, Bita
Format:	Thesis
Language:	English English
Published:	2008
Subjects:	Financial statements - Malaysia. Older people - Finance - Malaysia.
Online Access:	http://psasir.upm.edu.my/id/eprint/4988/1/FEM_2008_7A.pdf
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id	my-upm-ir.4988
record_format	uketd_dc
spelling	my-upm-ir.49882013-05-27T07:19:36Z Financial Status Among The Malaysian Elderly 2008 Parsa, Bita The increasing life expectancy phenomenon forces the people to have enough money to meet their needs in old age. Therefore the finance matter is vital for the elderly. This study aims to investigate the financial status of Malaysian elderly and its associations with social demographic characteristics, financial behavior and financial problems. This study employed a secondary data from an Intensification of Rresearch on Priority Areas (IRPA) study on Quality of Life of Older Malaysians (2003). The data was analyzed using Statistical Package of Social Science (SPSS) version 13. The procedures were descriptive statistics, t-test, chi-square test, ANOVA and multiple regression analysis. The study found that majority of the respondents had limited income and assets. About sixty percent of Malaysian elderly had negative net worth. Analysis of financial ratios showed that most of the respondents had not enough saving and liquidity assets. A significant positive correlation was found between net worth and good financial behaviour. The Multiple linear Regression (MLR) showed the elderly financial status was explained by (1) higher income, (2) house ownership, (3) higher education attainment, (4) ethnicity (Chinese), (5) good financial behaviours (6) less financial problems, (7) living arrangement, (8) employment status, and (9) household size. Since most of the elderly has lower income and moderate financial behaviour, financial education should be addressed to this population in managing their money in old age, which leads to a better quality of life among the Malaysian elderly. Financial statements - Malaysia. Older people - Finance - Malaysia. 2008 Thesis http://psasir.upm.edu.my/id/eprint/4988/ http://psasir.upm.edu.my/id/eprint/4988/1/FEM_2008_7A.pdf application/pdf en public masters Universiti Putra Malaysia Financial statements - Malaysia. Older people - Finance - Malaysia. Faculty Human Ecology English
institution	Universiti Putra Malaysia
collection	PSAS Institutional Repository
language	English English
topic	Financial statements - Malaysia. Older people - Finance - Malaysia.
spellingShingle	Financial statements - Malaysia. Older people - Finance - Malaysia. Parsa, Bita Financial Status Among The Malaysian Elderly
description	The increasing life expectancy phenomenon forces the people to have enough money to meet their needs in old age. Therefore the finance matter is vital for the elderly. This study aims to investigate the financial status of Malaysian elderly and its associations with social demographic characteristics, financial behavior and financial problems. This study employed a secondary data from an Intensification of Rresearch on Priority Areas (IRPA) study on Quality of Life of Older Malaysians (2003). The data was analyzed using Statistical Package of Social Science (SPSS) version 13. The procedures were descriptive statistics, t-test, chi-square test, ANOVA and multiple regression analysis. The study found that majority of the respondents had limited income and assets. About sixty percent of Malaysian elderly had negative net worth. Analysis of financial ratios showed that most of the respondents had not enough saving and liquidity assets. A significant positive correlation was found between net worth and good financial behaviour. The Multiple linear Regression (MLR) showed the elderly financial status was explained by (1) higher income, (2) house ownership, (3) higher education attainment, (4) ethnicity (Chinese), (5) good financial behaviours (6) less financial problems, (7) living arrangement, (8) employment status, and (9) household size. Since most of the elderly has lower income and moderate financial behaviour, financial education should be addressed to this population in managing their money in old age, which leads to a better quality of life among the Malaysian elderly.
format	Thesis
qualification_level	Master's degree
author	Parsa, Bita
author_facet	Parsa, Bita
author_sort	Parsa, Bita
title	Financial Status Among The Malaysian Elderly
title_short	Financial Status Among The Malaysian Elderly
title_full	Financial Status Among The Malaysian Elderly
title_fullStr	Financial Status Among The Malaysian Elderly
title_full_unstemmed	Financial Status Among The Malaysian Elderly
title_sort	financial status among the malaysian elderly
granting_institution	Universiti Putra Malaysia
granting_department	Faculty Human Ecology
publishDate	2008
url	http://psasir.upm.edu.my/id/eprint/4988/1/FEM_2008_7A.pdf
_version_	1747810325105737728

Financial Status Among The Malaysian Elderly

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