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Financial practices and physical health influencing financial health of Malaysian employees


Abdul Rahim @ Abdul Wahab, Husniyah and Sabri, Mohamad Fazli and S., Norhasmah and Othman, Mohd Amim and S., Norhafifah and Mat Rahim, Fatin Farwizah (2017) Financial practices and physical health influencing financial health of Malaysian employees. Malaysian Journal of Consumer and Family Economics, 20 (spec.2). pp. 1-20. ISSN 1511-2802


Individuals make financial decisions throughout their working days to be financially well. Physical health and financial health of individual may be interrelated and determined the choice of financial practices that they performed. This study aimed to identify the interrelation between financial practices, physical health and financial health of employees. Important factors affecting financial health of employees are also identified. Prior to these, the employees’ levels of financial practices, health risks and financial health were determined. Four states selected from four zones in Peninsular Malaysia were sampled via multistage random sampling to obtain a target of 500 respondents. Selected agencies in those states were contacted to appoint liason officers who facilitated the data collection processes. Self-administered questionnaires distributed through them resulted in only 356 usable questionnaires. Findings revealed that among the financial practices, only investment was found to be not significantly correlated with financial health, however the regression results revealed that only savings was found to be influencing financial health. This reflected that other financial practices were not as important as savings to the financial health. Health risks were prevalent from the physical and mental measures of health with PCS and MCS slightly below the border of 50 while financial health was slightly above the midpoint of its scale. Older employees with higher income were revealed to have better financial health as compared to younger and lower income employees. Furthermore, only physical measure of health significantly influenced financial health but not mental health. As majority of these employees were young, the health risks may pose a risk on their job productivity and the impact on the quality of public services. Thus, it is critical for the government to forsee these health risks and financial health situation of their employees to ensure better outcomes for the public and country.

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Additional Metadata

Item Type: Article
Divisions: Faculty of Human Ecology
Faculty of Medicine and Health Science
Publisher: Malaysian Consumer and Family Economics Association
Notes: A special edition devoted to Economy, Poverty and Sustainability and Consumer Issues
Keywords: Financial practices; Physical health; Financial health; Health risks; Savings
Depositing User: Nabilah Mustapa
Date Deposited: 04 Sep 2018 07:57
Last Modified: 04 Sep 2018 07:57
URI: http://psasir.upm.edu.my/id/eprint/14005
Statistic Details: View Download Statistic

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