Abstract: In this era of globalization, the society encounters complex changes whether socioculturally or socioeconomically. This change brings about a shift in lifestyle and it is affecting the society, especially those who are imprudent financially. People who lack knowledge in financial management and at the same time are irresponsible in using credit cards will make them vulnerable to serious financial problems. The aim of this study was to find the significant determinants of students financial well-being. Financial literacy and attitude toward credit cards were proposed as predictors. A total of 434 undergraduates from two public universities and one private university have participated in this study. It was found that all predictors played a significant role in financial well-being. Understanding the influential factors of financial well-being among undergraduate students would benefit several parties, especially the young people and government, by regarding the key determinants of financial well-being.
Jasmine Adela Mutang, Walton Wider, Ferlis Bullare Bahari, Lailawati Madlan, Chua Bee Seok and Hon Kai Yee, 2017. The Effect of Financial Literacy and Attitude Toward Credit Cards on Financial Well-Being among Undergraduates in East Malaysia. The Social Sciences, 12: 1143-1150.