Belia dan Hutang: Meneliti Perspektif dan Amalan Mengurus Dalam Kalangan Belia

Youths and Credit: An Analysis of Debt Perspective and Management Among Youths

Abstract

Youths are no exception when it comes to being in debt and getting exposed to negative consequences of debts. This study surveys debt management practices among the youths. Furthermore, this study analyzes the relationship between debt management and independent variables such as debt perspectives, lifestyle and knowledge about debts. The survey method was used to gather the data. The descriptive analysis, principal components and independent t-test were employed to describe practices of the youths in debt management. Meanwhile, the Pearson correlation analyzes the relationship among debt management practices, lifestyle, debt perspectives and debt knowledge of the youths. Research findings indicate that the youths perceived debts as a financing means to fulfill their needs and desires. Most of the respondents practiced prudent debt management. The t-test result shows the male and female: youths are no different in the ways thet managed their debts. The principle components analysis has identified three debt management behaviors consisting of "prudent and cautious", "courageous and opportunistic" and "tight budget". The correlation analysis shows that lifestyle, debt knowledge and debt perspectives have significant relationships with debt management practices. This implies that youths should embrace right perspective about debts, as well as practice affordable lifestyles to avoid imprudence and debts.