Artikel

Impact of the COVID-19 pandemic on the financial well-being among older adults in Malaysia

The purpose of this study was to explore the impact of the COVID-19 pandemic on the financial well-being among older adults in Malaysia. The study was carried out a literature review to evaluate research published in journals and conference proceedings in Malaysia relating to older adults. The study applied personal control theory to evaluate the COVID-19 pandemic's impact on the financial well-being among older adults in Malaysia. The findings of this study demonstrated that older adults lost their source of income during the COVID-19 pandemic that has adversely affected their financial well-being. This study contributes to shape a sustainable society by offering constructive knowledge of the financial well-being of older adults as they were a more vulnerable portion of society in the COVID-19 pandemic. The study concluded that policymakers should develop effective social security policies to absorb financial shocks so that the lifestyles of older adults can be improved.

Language
Englisch

Bibliographic citation
Journal: International Journal of Management, Economics and Social Sciences (IJMESS) ; ISSN: 2304-1366 ; Volume: 10 ; Year: 2021 ; Issue: 2-3 ; Pages: 140-155 ; Jersey City, NJ: IJMESS International Publishers

Classification
Wirtschaft
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
Health and Economic Development
Welfare, Well-Being, and Poverty: Government Programs; Provision and Effects of Welfare Programs
Subject
COVID-19
pandemic
older adults
financial well-being
Malaysia

Event
Geistige Schöpfung
(who)
Khan, Muhammad Amjad
Chin, Khor Saw
Ramendran, Charles
Event
Veröffentlichung
(who)
IJMESS International Publishers
(where)
Jersey City, NJ
(when)
2021

DOI
doi:10.32327/IJMESS/10.2-3.2021.9
Handle
Last update
10.03.2025, 11:45 AM CET

Data provider

This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.

Object type

  • Artikel

Associated

  • Khan, Muhammad Amjad
  • Chin, Khor Saw
  • Ramendran, Charles
  • IJMESS International Publishers

Time of origin

  • 2021

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