Entering the fourth industrial revolution, many crucial changes took place in the developing economies, especially in the context of the job market. Higher education institution plays an important role in generating labours resources outputs in order to fulfil the demand of the potentials labour in the job market. Hence, strategy in the success of the workforce at the institution of education needs to improve the employability skills. The purpose of this study was to examine the graduates' employability skills among students of Public Higher Education Institution (IPTA) in Malaysia based on demography (gender, location and parental education). In addition, this study also attempts to examine the influencing factors such as endurance force, time management, research experience and activities involvement at university against employability skills. The sample of the study involved 554 undergraduate students in IPTA. The findings show that result on location demographics found significant differences; location was found to affect the level of employability of respondents. The finding also revealed that the factors of endurance force , time management, research experience and activities involvement in university are influencing variances and total predictor factors (75.6%) for employability skills among students IPTA. The contribution of this study can provide a comprehensive comparison of the employability skills based on location demographic and endurance force aspect among the undergraduate in IPTA.
Financial literacy contributes to the economic well-being of every country. Specifically, the financial literacy level of low-income households is crucial in the process of developing and building economic potential. Moreover, the knowledge, attitude, and behavior of families are essential to the financial sustainability and money-wise behavior of low-income households. Thus, financial literacy and financial well-being are vital for low-income households to survive in highly competitive marketplaces and sustain their socioeconomic status. This study intends to examine the impact of financial literacy on the socioeconomic status of low-income households. A self-administered survey questionnaire was employed, and the sample consists of 282 randomly selected respondents from low-income households in Malaysia. The data were analyzed using the Structural Equation Modelling procedure in IBM-SPSS-AMOS 26.0 to examine the causal effect. The results showed that financial literacy (consisting of financial knowledge, financial behavior, and financial attitudes) has a positive and significant impact on the socioeconomic status of low-income households. Moreover, financial well-being also mediated the effect of financial literacy on socioeconomic status. The research results provide new ideas and perspectives for improving money-wise mechanisms and the socioeconomic sustainability of low-income households.
Alleviating household economic fragility and poverty is a global challenge in achieving a nation’s well-being. This study aims to examine the impact of social capital and Indonesian household economic welfare, as well as understand the mediating role of entrepreneurial, digital, and financial literacy. To address this objective, a structural equation modeling partial least square was adopted to acquire comprehend findings. The survey data were gathered from households in East Java of Indonesia using a simple random sampling approach. The findings from this study highlight that social capital significantly influences several literacies of households in Indonesia, including digital literacy, financial literacy, and entrepreneurial literacy. However, this study failed to confirm the nexus between social capital and household economic welfare. In addition, financial literacy, digital literacy, and entrepreneurial literacy all play an important role in mediating the connection between social capital and the economic welfare of households.
Financial literacy (FL) helps individuals make more assertive and efficient financial decisions. However, there is limited knowledge regarding the dimensions of FL as pertaining to low-income or Bottom 40% (B40) households in Malaysia. Therefore, the present study examined the reliability and validity of the B40 financial literacy measurement scale. A self-administered survey questionnaire was employed. The sample consisted of 100 respondents randomly selected from B40 households in Johor, Malaysia. The analysis was carried out through Exploratory Factor Analysis (EFA) via IBM-SPSS version 22.0 software. To measure the FL constructs, the study initially developed 59 items; however, six items were deleted as the factor loading was below the 0.50 cut-off point, while 53 items were retained as their factor loading was more than 0.50. Because the study validates the dimension that leads to improved FL, the findings are particularly beneficial to Malaysian B40 households who have been identified as the most vulnerable group; the findings will help action to be taken to improve the FL levels of B40 households.
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