Personal financial literacy among Universiti Utara Malaysia students

This study surveys 377 Universiti Utara Malaysia students to examine their personal financial literacy; the relationship between the literacy and students' opinions and decisions.Results show that participants answer about 29.6% of questions correctly.Almost all sections of the survey beginning form personal knowledge, savings and borrowing, insurance and investment receive a very low average on correct answers (those under the 60% category).The insurance section receives the lowest mean correct response of only 20.4%.It is concluded that the overall UUM students have a very low level of knowledge about personal finance.The low level of knowledge will limit their ability to make informed decisions