Spending patterns of Malaysian youth during the covid-19 pandemic / Nurazleena Ismail, Azzah Amran and Wan Yusrol Rizal Wan Yusof

Ismail, Nurazleena and Amran, Azzah and Wan Yusof, Wan Yusrol Rizal (2022) Spending patterns of Malaysian youth during the covid-19 pandemic / Nurazleena Ismail, Azzah Amran and Wan Yusrol Rizal Wan Yusof. ESTEEM Journal Of Social Sciences And Humanities, 6 (2). pp. 117-132. ISSN 2600 7274

Official URL: http://ejssh.uitm.edu.my

Abstract

Paying attention to spending patterns is essential, especially for the younger generation during the COVID-19 pandemic. Previously, young people spent more money on entertainment activities to fulfil their life satisfaction than life survival. Young people also contributed to the highest number of bankruptcy as they borrowed money to buy non-essential products. The main objective of this study is to determine the significant relationship between the factors that influence spending patterns among the young generation during the COVID-19 pandemic in Malaysia. The research considered testing the factors of expenditures on food, transportation, and entertainment activities. The data were gathered from the distribution of a questionnaire to the respondents. SPSS version 23.0 was used to analyse the data. The results found that food and transportation expenditures significantly influenced the spending pattern during COVID-19, while entertainment expenditures had no significant relationship with the spending pattern. Results also highlighted that food expenditure was the highest influencing factor in spending patterns. This study will help policymakers outline the importance of financial assistance based on the priority needed by society, especially in an unexpected crisis. Further research on factors such as personality, behaviour, and financial knowledge can be explored. Besides, future research can also analyse the data using Partial Least Square-Structural Equation Model (PLS-SEM) to produce a variety of results.

Metadata

Item Type: Article
Creators:
Creators
Email / ID Num.
Ismail, Nurazleena
azleen a@uitm. edu.my
Amran, Azzah
UNSPECIFIED
Wan Yusof, Wan Yusrol Rizal
UNSPECIFIED
Contributors:
Contribution
Name
Email / ID Num.
Advisor
Razali, Ahmad Rashidy
UNSPECIFIED
Chief Editor
Ngelambong, Anderson
UNSPECIFIED
Editor
Che Ahmat, Nur’Hidayah
UNSPECIFIED
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HB Economic Theory. Demography
H Social Sciences > HB Economic Theory. Demography > Demographic surveys
H Social Sciences > HB Economic Theory. Demography > Demographic surveys > Malaysia
H Social Sciences > H Social Sciences (General) > Research
H Social Sciences > H Social Sciences (General) > Research > Quantitative research
Divisions: Universiti Teknologi MARA, Pulau Pinang > Permatang Pauh Campus
Journal or Publication Title: ESTEEM Journal Of Social Sciences And Humanities
UiTM Journal Collections: UiTM Journal > ESTEEM Journal of Social Sciences and Humanities (EJSSH)
ISSN: 2600 7274
Volume: 6
Number: 2
Page Range: pp. 117-132
Keywords: COVID-19, Entertainment expenditure, Food expenditure, Spendingpattern, Transportation expenditure
Date: September 2022
URI: https://ir.uitm.edu.my/id/eprint/69874
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