Factors contributing to personal indebtedness among muslim's youth: case study in Selangor / Siti Nurellyza Suria Ab Rahim

Being financially stable is a mandatory dream which no one could deny its beauty. Not only it provides security, it also offers lifestyle comfort that is considered essential for one's to spend their old age. However, with current alarming and appalling spending behaviour among youth, it seems critical for them to achieve it. Youth's spending behaviour in this millennial era is very dangerous as it was driven merely by following trends and trying to live by their mantra "you only live once". Shadowed by glamorous bling portrayed in the media, individuals from 25 years old till 44 years constitute the biggest population which were announced as bankrupt. According to Insolvency Department in 2013 report, out of 94 408 bankruptcy reported, 60 per cent of them are constituted of youths, in 2013 report (Fun, 2017) as stated in article from The Star.