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.
Kejayaan seorang usahawan banyak bergantung kepada kesediaan daripada segi ilmu pengetahuan, kemahiran serta kekuatan dalaman, iaitu emosi, keyakinan dan efikasi kendiri. Kurang keyakinan diri adalah salah satu punca kurangnya penglibatan graduan dalam bidang keusahawanan.Justeru, kajian ini bertujuan menentukan tahap dan impak efikasi keusahawanan terhadap penciptaan perniagaan dalam kalangan pelajar universiti awam. Kajian ini mengadaptasi kaedah tinjauan menggunakan borang soal selidik sebagai instrumen kajian. Sampel terdiri daripada 282 orang pelajaruniversiti awam yang dipilih menggunakan teknik persampelan rawak berkelompok. Kaedah analisis data dibahagikan dua bahagian, iaituanalisis deskriptif untuk menentukan skor atau tahap efikasi keusahawanan dan penciptaan perniagaan. Kaedah analisis kedua adalah pemodelan persamaan berstruktur atau SEM untuk menguji kesan efikasi keusahawanan terhadap penciptaan perniagaan. Dapatan kajian menunjukkan tahap bagi efikasi keusahawanan serta penciptaan perniagaan kedua-duanya pada tahap tinggi. Manakala pengujian model berstruktur menunjukkan efikasi keusahawanan mempunyai hubungan dan kesan yang signifikan terhadap penciptaan perniagaan. Bermakna semakin tinggi efikasi keusahawanan pelajar, semakin tinggi kemungkinan pelajar mencipta perniagaan selepas bergraduasi. Kajian ini diharap menyumbang kepada penjanaan idea, program, serta aktiviti keusahawanan bagi meningkatkan efikasi keusahawanan dalam kalangan pelajar. Kata kunci: Efikasi keusahawanan; penciptaan perniagaan; pendidikan keusahawanan; keyakinan diri; pelajar universiti awam
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