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Table 2 Group mean differences of demographic components on study variables

From: The role of financial behaviour, financial literacy, and financial stress in explaining the financial well-being of B40 group in Malaysia

Variables

Financial

well-being

Financial

stress

Financial

behaviour

Financial

literacy

Mean

F

Mean

F

Mean

F

Mean

F

Age (Years)

Below 25

3.49

1.74

2.97

0.39

3.41

0.95

4.12

1.81

25–34

3.51

2.90

3.43

4.27

35–44

3.61

2.93

3.45

4.57

45–54

3.23

2.83

3.51

4.71

55 or Above

3.94

2.50

3.78

6.00

Marital status

Single

3.47

2.02

2.92

0.56

3.40

2.47

4.35

1.20

Married

3.56

2.90

3.49

4.12

Widowed

2.88

3.83

3.10

3.00

Education

SPM

3.52

3.64**

2.93

0.97

3.39

0.75

4.03

3.71**

Diploma

3.55

3.00

3.42

4.18

Bachelor degree

3.45

2.92

3.45

4.20

Master degree

3.59

2.69

3.40

5.18

PhD

4.75

2.59

3.80

5.00

Employment

Government sector

3.51

3.19*

2.89

0.86

3.43

4.62**

4.72

2.98*

Private sector

3.46

2.91

3.46

4.08

Self-employed

3.71

2.82

3.48

4.33

Non-employed

3.46

3.09

3.23

4.38

Monthly personal income (RM)

5000 or more

3.63

1.09

2.72

1.80

3.67

5.77**

4.72

0.88

4000–4999

3.44

3.14

3.37

4.33

3000–2999

3.43

2.75

3.53

4.23

2000–2999

3.53

2.87

3.41

4.21

1999 or less

3.49

2.98

3.36

4.22

Monthly household income (RM)

8000 or more

3.68

4.13*

2.71

1.52

3.67

21.28**

4.33

0.28

4000–7999

3.44

2.93

3.49

4.38

3999 or less

3.50

2.93

3.32

4.24

  1. Significance at \(*{p}<0.05; **{p}<0.01\)