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Determinants of financial well-being among public employees in Putrajaya, Malaysia


Mokhtar, Nuradibah and Abdul Rahim @ Abdul Wahab, Husniyah (2017) Determinants of financial well-being among public employees in Putrajaya, Malaysia. Pertanika Journal of Social Sciences & Humanities, 25 (3). pp. 1241-1260. ISSN 0128-7702; ESSN: 2231-8534


People generally see finance as anything that can be associated with the economic situation of the family. Thus, managing finances among individuals may result in satisfaction or dissatisfaction towards their financial situation, which is called financial well-being. Previous research regarding financial well-being has largely focused on factors such as financial stress, financial knowledge and financial behaviour. However, influences by the locus of control and work environment on financial well-being were little explored. Thus, this research studied the factors affecting financial well-being among public employees in Putrajaya, Malaysia. This study is a quantitative study using a set of online structured questionnaire to obtain the necessary data. A total of 207 completed questionnaires, out of 316 responded questionnaires, were analysed using Statistical Package for Social Science (SPSS) version 21. The results indicated that financial stress, work environment, locus of control and financial behaviour were significantly associated with financial well-being. In addition, financial stress was the strongest factor affecting financial well-being followed by work environment. At the end, the outcome of this study can be used for a better understanding of employees' financial behaviour, which can be enhanced through financial education at the workplace.

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Additional Metadata

Item Type: Article
Divisions: Faculty of Human Ecology
Publisher: Universiti Putra Malaysia Press
Keywords: Financial behaviour; Financial knowledge; Financial stress; Financial well-bring; Locus of control; Work environment
Depositing User: Nabilah Mustapa
Date Deposited: 26 Oct 2017 08:19
Last Modified: 25 Jan 2018 09:24
URI: http://psasir.upm.edu.my/id/eprint/57807
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