The relationship between financial problem and saving behavior among urban population in Malaysia

Financial problem is a situation where organizations or individuals are faced with financial conflicts, thus negative impact on financial status. The issue has become great topic being discussed recently due to the unstable economic situation. This research has been conducted to examine the existence of financial impacts on saving behavior among urban populations in the metropolitan city of Kuala Lumpur. The survey involved 319 white collar respondents, who work around the city centre of Kuala Lumpur. From the study, the result shows that the relationship of the financial problem and saving behavior is significant. The findings also revealed that there are six determinants that significantly influence saving behavior. Among them are gender, age, qualification, total debt, financial well-being and financial problem