The Determinants of Perceived Saving and Spending Decisions Among Working Youth in Pakistan

The purpose of this study is to understand the saving and spending decisions of Pakistan's working youth. The study mainly investigated whether factors such as family background, peer role, and financial stress play an important role in saving and spending decisions by working youth in Pakistan...

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Main Author:	Hussain Shah, Muzafar
Format:	Thesis
Language:	eng eng eng
Published:	2022
Subjects:	HG Finance
Online Access:	https://etd.uum.edu.my/11165/1/depositpermission-s901925.pdf https://etd.uum.edu.my/11165/2/s901925_01.pdf https://etd.uum.edu.my/11165/3/s901925_02.pdf
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id	my-uum-etd.11165
record_format	uketd_dc
spelling	my-uum-etd.111652024-06-10T02:43:59Z The Determinants of Perceived Saving and Spending Decisions Among Working Youth in Pakistan 2022 Hussain Shah, Muzafar Ahmad, Norzalina Murugiah, Logasvathi School of Economics, Finance & Banking School of Economics, Finance and Banking HG Finance The purpose of this study is to understand the saving and spending decisions of Pakistan's working youth. The study mainly investigated whether factors such as family background, peer role, and financial stress play an important role in saving and spending decisions by working youth in Pakistan. Furthermore, this study examined the impact of financial literacy as a mediator in the relationship between independent and dependent variables. The respondents in this study are working youth in various organizations in Pakistan during May 2019 to September 2019. Stratified random sampling technique was employed to determine the sample and 309 questionnaires were analyzed using Structural Equation Modeling (SEM) with Smart PLS3. The findings show that financial stress significantly affects financial literacy, saving, and spending decisions. Meanwhile, family background also significantly affects saving decisions and financial literacy in the spending model. In both models, peer role has a significant effect on financial literacy. Financial literacy significantly affects saving and spending decisions but peer role does not. Besides, family background does not significantly affect spending decisions and financial literacy in the saving model. The results also show that financial literacy, as mediating variable, significantly affects the relationship between all independent and dependent variables. Financial literacy is shown as a significant factor in saving and spending decisions among Pakistan's working youth. Therefore, policymakers and the government can work together to implement initiatives to increase financial literacy, among youth, in order to assist them in making sound financial decisions. This study provides important implications for theory and practice, and recommendations for future research. 2022 Thesis https://etd.uum.edu.my/11165/ https://etd.uum.edu.my/11165/1/depositpermission-s901925.pdf text eng staffonly https://etd.uum.edu.my/11165/2/s901925_01.pdf text eng 2025-12-12 staffonly https://etd.uum.edu.my/11165/3/s901925_02.pdf text eng 2025-12-12 staffonly other doctoral Universiti Utara Malaysia
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng eng
advisor	Ahmad, Norzalina Murugiah, Logasvathi
topic	HG Finance
spellingShingle	HG Finance Hussain Shah, Muzafar The Determinants of Perceived Saving and Spending Decisions Among Working Youth in Pakistan
description	The purpose of this study is to understand the saving and spending decisions of Pakistan's working youth. The study mainly investigated whether factors such as family background, peer role, and financial stress play an important role in saving and spending decisions by working youth in Pakistan. Furthermore, this study examined the impact of financial literacy as a mediator in the relationship between independent and dependent variables. The respondents in this study are working youth in various organizations in Pakistan during May 2019 to September 2019. Stratified random sampling technique was employed to determine the sample and 309 questionnaires were analyzed using Structural Equation Modeling (SEM) with Smart PLS3. The findings show that financial stress significantly affects financial literacy, saving, and spending decisions. Meanwhile, family background also significantly affects saving decisions and financial literacy in the spending model. In both models, peer role has a significant effect on financial literacy. Financial literacy significantly affects saving and spending decisions but peer role does not. Besides, family background does not significantly affect spending decisions and financial literacy in the saving model. The results also show that financial literacy, as mediating variable, significantly affects the relationship between all independent and dependent variables. Financial literacy is shown as a significant factor in saving and spending decisions among Pakistan's working youth. Therefore, policymakers and the government can work together to implement initiatives to increase financial literacy, among youth, in order to assist them in making sound financial decisions. This study provides important implications for theory and practice, and recommendations for future research.
format	Thesis
qualification_name	other
qualification_level	Doctorate
author	Hussain Shah, Muzafar
author_facet	Hussain Shah, Muzafar
author_sort	Hussain Shah, Muzafar
title	The Determinants of Perceived Saving and Spending Decisions Among Working Youth in Pakistan
title_short	The Determinants of Perceived Saving and Spending Decisions Among Working Youth in Pakistan
title_full	The Determinants of Perceived Saving and Spending Decisions Among Working Youth in Pakistan
title_fullStr	The Determinants of Perceived Saving and Spending Decisions Among Working Youth in Pakistan
title_full_unstemmed	The Determinants of Perceived Saving and Spending Decisions Among Working Youth in Pakistan
title_sort	determinants of perceived saving and spending decisions among working youth in pakistan
granting_institution	Universiti Utara Malaysia
granting_department	School of Economics, Finance & Banking
publishDate	2022
url	https://etd.uum.edu.my/11165/1/depositpermission-s901925.pdf https://etd.uum.edu.my/11165/2/s901925_01.pdf https://etd.uum.edu.my/11165/3/s901925_02.pdf
_version_	1804888209467899904

The Determinants of Perceived Saving and Spending Decisions Among Working Youth in Pakistan

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