Survivability through Basic Needs Consumption among Muslim Households B40, M40 and T20 Income Groups.

It has been argued that consumption and economic behaviour are strongly related. Malaysia is currently experiencing good economic growth, urbanisation, modernisation in technology and social and demographic change, especially in terms of a consumption-orientated lifestyle. Malaysian household expens...

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Publicado en:Pertanika Journal of Social Sciences & Humanities Vol. 26; no. 2; pp. 985 - 999
Autores principales: Rashid, Noorhaslinda Kulub Abd., Sulaiman, Nor Fatimah Che, Rahizal, Nur Afifah
Formato: Artículo
Publicado: Universiti Putra Malaysia 2018
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Acceso en línea:Ver este registro en EBSCOhost
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        atl: Survivability through Basic Needs Consumption among Muslim Households B40, M40 and T20 Income Groups.
      aug:
        au:
          Rashid, Noorhaslinda Kulub Abd.
          Sulaiman, Nor Fatimah Che
          Rahizal, Nur Afifah
        affil:
          School of Social and Economic Development, Universiti Malaysia Terengganu, 21030 UMT Kuala Terengganu, Terengganu, Malaysia
          School of Economics, Faculty of Economics and Management, Universiti Kebangsaan Malaysia, 43600 UKM, Bangi, Selangor, Malaysia
      su:
        Basic needs
        Consumption (Economics)
        Households
        Economic conditions in Malaysia
        Economic impact of public spending
      sug:
        subj:
          Basic needs
          Consumption (Economics)
          Households
          Economic conditions in Malaysia
          Economic impact of public spending
      keyword:
        basic needs
        Consumption
        D12
        D13
        E21
        E60
        expenditure
        household income group
        survivability JEL Code: D11
      ab: It has been argued that consumption and economic behaviour are strongly related. Malaysia is currently experiencing good economic growth, urbanisation, modernisation in technology and social and demographic change, especially in terms of a consumption-orientated lifestyle. Malaysian household expenses have a significant impact on the national economy. The recent economic crisis has also contributed to changes in the structure of Malaysia's current economic growth due to its impact on the current expenditure of households. One of the factors driving household expenses is total household income, which determines a household's ability to spend. Household spending is often changed by the strength of the economy as illustrated by the recession or economic crises of 1986, 1997, 1998 and 2008. The economic crises had contributed to a decrease in income and the purchasing power parity of households. This paper examines the roles of expenditure, basic needs and other demographic factors in explaining the concept of 'survivability' in Malaysia's current economic environment. Suggestions and recommendations will be offered aimed at educating households towards becoming good financial planners.
      pubtype: Academic Journal
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      src: R
    language: English
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