The Mediating Effect of Money Attitude on Association Between Financial Literacy, Financial Behaviour, and Financial Vulnerability

This is the authors' abstract. We don't add key points for this paper.

The financial vulnerability is associated negatively with all aspects of the life of each and every individuals and households of lower, middle and high income groups. Hence, the major objective of the study is to construct a financial vulnerability model for Malaysian households. The data collection was performed of a total of 574 respondents who were chosen following the multi-stage random sampling method. The Structural Equation Modelling (SEM) were utilized to perform the mediating test of money attitude on the association between personal finance and financial vulnerability, and the results revealed that the money attitude as a partial mediator. Moreover, the identified influential Malaysian households' personal financial factors will assist the related agencies to implement intervention programme that is leading to uplift the quality, and well-being of the life of the Malaysians as intended by the strategies outlined in the Eleventh Plan of the Malaysia.