Ye Ko Ko Htet|Sumas Wongsunopparat
STUDY OF FACTORS THAT EFFECT AND INFLUENCE ON THE PERSONAL FINANCIAL MANAGEMENT OF THE YOUNG ADULT
Bangkok University|Cornell University|Carnegie Mellon University|Bangkok University|Cornell University|Carnegie Mellon University
role financial literacy regards sound personal finance management practice question many struggles withyoung adults nowadays easy access financial productsso young adults important knowledge financial literacy capable managing personal finance better counterparts industriesthe main research question structural relationship among variables financial literacy factor financial product knowledge factor family peer factor effect personal financial management young adult factor analysis statistical method employed analyze collected data purpose analyze factors effect influences personal financial management young adult present research using cfa confirmatoryfactor analysis measurement model structural equation modeling sem used cfa confirmatory factor analysis using amos followed specification estimation modelssem powerful quantitative data analytical technique estimates tests theoretical relationship among latent variables andor observed variables also combines regression factor analysis present research show financial literacy affect personal financialmanagement young adultthis result contrary previous research papers showing financial literacy path personal financial management significant