Financially sustainable future, are tertiary students ready? / Norli Ali ... [et al.]

Financial literacy is closely linked to the Sustainable Development Goals (SDGs) as it can empower individuals and communities to achieve economic growth, reduce poverty, and improve overall well-being. Moreover, financial literacy can also promote financial inclusion, which is essential for achieving SDG 1 (No Poverty) and SDG 8 (Decent Work and Economic Growth). By providing access to financial services and promoting financial education, individuals and communities can better participate in economic activities and benefit from economic growth. Therefore, financial literacy is an important component of the SDGs, as it can contribute to achieving several of the goals, including SDGs 1, 4 (Quality Education), 8, and 10 (Reduced Inequalities). This study investigated the extent of financial literacy among Malaysian university students. The study used an independent t-test to investigate the difference in students’ financial literacy based on demographic, academic discipline, program level, and financial management courses attended. The relationship between those variables and students’ financial literacy was tested using the PLS-SEM approach. The study documented that financial management courses helped students to become more financially literate. By promoting financial education and empowering students with financial skills, we can help to achieve several of the goals.