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Post-impact of spending behaviour: a phenomenological study on millennials in Malaysia

Kamardin, Puteri Qartinie and Suib, Fatin Husna (2021) Post-impact of spending behaviour: a phenomenological study on millennials in Malaysia. International Journal of Accounting, Finance and Business (IJAFB), 6 (32). pp. 209-228. ISSN 0128-1844 E-ISSN 0128-1844

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Abstract

This paper aims to explain the post-impact of spending behaviour among Millennials in Malaysia. Particularly, targeted on the emotional impact which rarely been touched by other authors. There are four (4) branches of the impacts: addiction, pleasure, relationship trajectories, and stress. Each of them carries a different definition, impact, and factor upon the participant’s lived experience, which will be discussed further. This paper's root base is Millennials who did not possess or practice money management skills in their daily financial decision making. The qualitative research method that is a phenomenological study is chosen to represent an inclusive description of the participant’s lived experience of the selected phenomenon. Six (6) participants from various backgrounds joined this study through a deep semi-structured interview session with open-ended guide questions. This study's findings cannot be used to generalise the whole of Malaysia as it only analyses a small sample size. Therefore, analysis of additional data from the Millennials spending behaviour and its impact on emotional stability may be necessary for comparison and to reaffirm the results. Further investigation is also needed to isolate the specific elements and significant differences in ratings. This study would be useful for government agencies, policymakers, educational institutions, parents, society, and Millennials themselves to competently manage, observe, plan, and monitor their spending behaviour that directly hits their emotional stability.

Item Type: Article (Journal)
Uncontrolled Keywords: Emotional Impact, Spending Behaviour, Money Management, Millennials, Malaysia
Subjects: H Social Sciences > HF Commerce > HF5001 Business. Business Administration > HF5410 Marketing. Distribution of products
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): Kulliyyah of Economics and Management Sciences > Department of Business Administration
Depositing User: Dr Fatin Husna Suib
Date Deposited: 09 Nov 2021 08:38
Last Modified: 09 Nov 2021 08:38
URI: http://irep.iium.edu.my/id/eprint/93580

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