COMPARISON OF PEOPLE’S FINANCIAL WELLBEING BETWEEN CHINA AND MALAYSIA

The objective of this study is to compare the financial well-being of individuals in China and Malaysia. Data was collected through self-administered questionnaires using a multistage sampling method, resulting in 100 usable responses from each country (N=200 total). The study employed Simple Regression to analyze variations in financial well-being and a T-test to identify significant differences between the two nations. The results indicate that financial well-being in both countries is significantly influenced by Income, Employment Status, and Financial Knowledge. The findings suggest that deviations in these variables directly correspond to the stages of financial well-being experienced by the population.