Saving Determinants Among Career Women In Private Sectors In Penang
Loading...
Date
2019-04
Authors
Haji Mohd Sulaiman, Nur Shazlina
Journal Title
Journal ISSN
Volume Title
Publisher
Universiti Sains Malaysia
Abstract
This study focuses on saving characteristics among career women in Penang. It is
important to have a better understanding on the saving characteristics among women, in
our case, career women in private sectors because studies indicate that women are likely
to have lower income and wealth on average compared to men. As such, their livelihood
after retirement may be jeopardized given the escalating prices of necessary items and
healthcare expenses. This research analyze the saving characteristics which involves
socio demographic comparisons and types of saving or investment instrument used by
career women in Penang in order to save for their future. An identification of investment
instruments, the level of savings and women’s tendency to save for the future and for
rainy days will help them to prepare for the uncertainties that life has to offer. This is
because women have lower rate of participation in retirement plans as compared to men
and are more likely to be living in poverty during retirement. Findings from this study
can be beneficial to many quarters apart from the women themselves because they are
too dependent on their spouse in planning for their retirement. Saving characteristics
such as types of saving, percentage of monthly saving and the tendency to save will be
taken into consideration in analysing and having a better understanding on the saving
characteristics of the career women. In this research quantitative method has been
conducted. Questionnaires were distributed to women working in service and
manufacturing industries which are the two most dominant industries in Penang.
Description
Keywords
Career Woman , Penang