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Financial well-being: financial ratio analysis of married public sector workers in Malaysia


Ramli, Zaimah and Masud, Jariah and Haron, Sharifah Azizah and Othman, Mumtazah and Awang, Abd Hair and Md Sum, Sarmila (2013) Financial well-being: financial ratio analysis of married public sector workers in Malaysia. Asian Social Science, 9 (14). pp. 1-6. ISSN 1911-2017; ESSN: 1911-2025


The purpose of this study is to explore the usefulness of two family financial ratio guidelines in assessing the financial well-being of married public sector workers in Malaysia. The ratios examined were savings and debt-payment. Data on 415 workers were gathered from the Financial Well-being of Workers of Dual-earner Family survey report in 2008. The findings showed most of the workers had a savings ratio of less than 10 percent. Meanwhile, more than half of the workers had debt-payments ratio of more than or equal to 20 percent. In addition, the workers fall into four categories, namely are A, B, C and D, of which level A is the best and level D the worst. Typically, most of the workers are in level D (42.2%) and level B (30.1%). In summary, the study revealed that the culture of saving among the workers was still at the unsatisfactorily level.

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Additional Metadata

Item Type: Article
Divisions: Faculty of Human Ecology
Institute of Gerontology
DOI Number: https://doi.org/10.5539/ass.v9n14p1
Publisher: Canadian Center of Science and Education
Keywords: Financial well-being; Married public sector workers; Dual-earner families; Objective measurement; Saving ratio; Debt-payment ratio
Depositing User: Nabilah Mustapa
Date Deposited: 11 Mar 2015 08:15
Last Modified: 23 Oct 2017 02:56
Altmetrics: http://www.altmetric.com/details.php?domain=psasir.upm.edu.my&doi=10.5539/ass.v9n14p1
URI: http://psasir.upm.edu.my/id/eprint/28197
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