Financial well-being and financial attitude: A pilot study among young working adults in Malaysia

Abstract

Financial well-being has become an increasingly important concern among young working adults due to rising living costs and growing financial responsibilities. Despite expanding scholarly interest, limited evidence exists on the reliability of financial attitude and financial well-being measurement instruments within the Malaysian context. This study aims to assess the internal consistency of these constructs through a pilot study. Data were collected from 30 young working adults using a self-administered online questionnaire and analysed using SPSS. Reliability analysis using Cronbach’s alpha was conducted to evaluate the consistency of the measurement items. The results indicate that the financial well-being construct demonstrates high reliability, while most dimensions of financial attitude show strong internal consistency. However, the saving behaviour dimension records a relatively lower reliability value, indicating the need for minor refinement. Overall, the findings confirm that the instruments are suitable for use in the main study. This pilot study contributes methodologically by validating measurement reliability for future empirical research on financial well-being among young working adults in Malaysia.