A study of financial literacy among Yayasan Selangor employees / Fawaz Abdullah Sirajuddin

This research is to study financial literacy among Yayasan Selangor employees in Petaling Jaya. This paper provides a brief review on factors affecting on financial literacy levels from both economic and islamic perspectives. From the results, all of the employees of Yayasan Selangor possess financial knowledge. Therefore, there is no significant differences between gender, age, working status and level of education. However, there is a significant difference between income level group which validated that higher income level perform higher financial literacy. In addition, there is no significant relationship between financial knowledge and financial management ability among Yayasan Selangor employees. This indicates that higher knowledge does not guarantee good implementation a finances management. Overall, the levels of financial literacy among Yayasan Selangor employees were considered average. Effort of educating the importance of financial literacy are crucial for each individuals so that they can avoid financial problems in their life.