Moderation Effect Of Gender On Financial Literacy, Money Attitude, Financial Strains And Financial Capability

Mohamad Fazli Sabri, Nuraini Abdullah, Merzieh Zenhendel, Siti Yuliandi Ahmad
Department of Resource Management & Consumer Studies, Faculty of Human Ecology, Universiti Putra Malaysia


The current economic volatility has affected the financial situation of individuals, particularly so in the case of the younger generation. This has given rise to growing concerns regarding financial literacy and money attitude as the resultant financial strain has brought about repercussions in the financial situation of individuals and their financial capability, affecting their lives. The study aims to examine the moderation effect of gender on financial literacy, money attitude, financial stress, and financial capability. In selecting the sample study from the states of Perak, Selangor, Federal Territory of Kuala Lumpur, and Federal Territory of Putrajaya in the central zone of Peninsular Malaysia, the study utilised the multi-stage random sampling method. A total of 508 respondents were selected comprising young employees aged 40 years and below working in public and private agencies in Malaysia. The total return rate was 84.7%. The study used a multi-group analysis of structural equation modelling with AMOS software in analysing the data. In testing the moderating effect in overall models, the results show that gender has moderating effect on the overall model χ2. Specifically, in testing the individual paths, the results revealed insignificant moderating effect of gender on financial stress, money attitude and financial capability. The implications and recommendations are discussed in this study.

Keywords: Gender, Financial literacy, Money attitude, Financial Strains, Financial capability