The determinants of debt accumulation among millennials in ZALORA Warehouse

Debt is certainly significant in our life. It surrounds people more than they think it do. Debt can started from smaller number until people realizes it may burden them in a long-term period with accumulated debt. Hence, lead to conducting this study to determine precisely the reasons or factors that causes millennials debt accumulation. This study has been conduct at ZALORA Warehouse in Shah Alam. This research is quantitative research as the use of questionnaire has taken place in this research. Sample selection is non-probability sampling in which is convenience sampling. 105 ZALORA respondents are involved in giving information for this study. The data that collected and processed using Statistical Package for Social Science (SPSS) Version 20 Software. Several tests such as reliability test, descriptive statistical analysis, Pearson’s correlation and multiple regression analysis are conducted to analyse the data. Dependent variable of this study is debt. Meanwhile, the independent variable consists in this research are income, materialism, money management skills and financial literacy. The results obtained shows that there are no significant relationship between income, materialism, money management skills and financial literacy with debt accumulation.