Factors influencing personal indebtedness in Kota Kinabalu, Sabah / Nur Aida Suhana Yunus

This study is intended to explore the factors that influencing the personal indebtedness in Kota Kinabalu, Sabah. Previous study has linked several factors which are, material values, money management skills, and economic factors to credit card debt and student debt. Possible variables such as pursuits of materialistic attitudes, money management attributes and attitude towards debt are examined in this study to see whether they are predictors of personal indebtedness in Kota Kinabalu, Sabah.
In this study, a software known as Statistical Package for Social Science, were applied to analyse the data. Also, this study is based on questionnaire survey conducted among individuals in Malaysia. The findings suggest that attitude towards debt significantly influence the personal indebtedness in Kota Kinabalu, Sabah. Interestingly, materialism and money management skills are insignificant, implying that young adults in Kota Kinabalu, Sabah represented in this sample do not possess materialistic attitude that lead to personal indebtedness. Also, this finding suggests individuals with poor money management skill are not affected to be indebted.