Dataset on Self-Employed Youths’ Financial and Retirement Literacy
This dataset captures self-employed youth’s financial and retirement literacy levels, including their awareness, knowledge, and capability levels, on top of demographics. The data is available in Excel format. A total of 300 responses were recorded where 54 questions were asked in the survey ranging from demographic information to savings behaviour. The data is rich and usable to analyse relationships that govern financial literacy and retirement readiness in a still niche but rapidly expanding group of workers in an emerging economy like Malaysia. Further, the data can also be compared across countries given that the survey questions were adapted from OECD’s 2011 Measuring Financial Literacy: Questionnaire and Guidance Notes for Conducting an Internationally Comparable Survey of Financial Literacy.
Steps to reproduce
The data was acquired via a survey. A copy of the survey questions is included as supplementary material. The questions were made in the English language; however, a Bahasa Melayu version was also crafted for respondents who preferred to answer in Bahasa Melayu (i.e., the national language of Malaysia). The results were then translated into English for further analysis. Using the convenience sampling method, both versions of the survey were uploaded on Google Forms and distributed via e-mail and Facebook aside from hard copies. Survey questions from OECD’s 2011 Measuring Financial Literacy: Questionnaire and Guidance Notes for Conducting an Internationally Comparable Survey of Financial Literacy were adopted in designing the questionnaire. The survey was designed as an early financial literacy assessment to determine levels of financial literacy which can aid in the setting of standards for national policies or specific programmes and identify population needs. The survey can also be repeated to discover changes over time and across nations.