Financial literacy on the web via Save4Future / Nur Iman Alya Shukri ... [et al.]
The lack of awareness among Malaysians especially young workers to have savings for living after retirement raises concerns in a recent study. Younger generations nowadays still do not have adequate knowledge about the importance of having sufficient savings for the retirement. They believe that ret...
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| Main Authors: | , , , |
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| Format: | Book Section |
| Language: | English |
| Published: |
Universiti Teknologi MARA, Kedah
2023
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| Subjects: | |
| Online Access: | https://ir.uitm.edu.my/id/eprint/83471/1/83471.pdf https://ir.uitm.edu.my/id/eprint/83471/ |
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| Institution: | Universiti Teknologi Mara |
| Language: | English |
| Summary: | The lack of awareness among Malaysians especially young workers to have savings for living after retirement raises concerns in a recent study. Younger generations nowadays still do not have adequate knowledge about the importance of having sufficient savings for the retirement. They believe that retirement is too far away from their current age and the preparation and planning is a burden for them because it involves long-term planning. A survey conducted among 50 young workers showed that 80% of them aware of retirement planning, but their lax attitude has hindered them from beginning to save and invest for retirement, hence, Save4Future is created. Save4Future is targeted towards young workers who are interested in understanding financial retirement. Save4Future is a comprehensive financial education website created to help guiding, calculating and formulating the saving for retirement. These website focus on providing educational content to users through modules and lessons. It offers videos, audio, text content, making it an excellent resource for anyone looking to improve their financial literacy. Save4Future can promote higher financial literacy both among individuals and among society. In addition, it corresponds to the objective of SULAM to improve the community well-being. |
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