Bankruptcy Among Youth
1.0 Introduction
Bankruptcy becoming the issues toward many youth nowadays. The worst is the bankruptcy was involves with many youth where below than age 30. According to Credit Counselling and Management Agency in New Straits Times (2011), an average of 41 Malaysians are declared bankrupt daily, with the majority failing to make repayment for car purchase loan. In short, the problem of bankruptcy among youth has to be taken seriously.
2.0 Problem Statement
Statistics by the AKPK indicated that the number of individual bankruptcy cases had raised by 11.2% to 18,053 cases in 2010 and increased by a further 6.2% to 19,167 cases in 2011 (Curbing Credit Card Abuse, 2012). According to a survey by the Education and Research Association for Consumers, the number of Malaysians in financial distress appears to have increased, as evidenced in the jump in the number of bankruptcy filings from 13,855 in 2008 to 19,167 last year (NewStraitsTimes, 2012). Therefore, this research will investigate further about what are the factors that lead many youth to being sentences bankruptcy.
2.1 Research Question
2.1.1 What are the relationship between unemployment with bankruptcy among youth?
2.1.2 Is there any relationship between financial illiteracy with bankruptcy among youth?
2.1.3 Is there any relationship between medical expenses with bankruptcy among youth?
2.1.4 What are relationship between loan and bankruptcy among youth?
3.0 Research Objective 3.1 To investigate the relationship between unemployment with bankruptcy among youth 3.2 To determine the relationship between financial illiteracy with bankruptcy among youth 3.3 To know the relationship between medical expenses with bankruptcy among youth 3.4 To identify the relationship between loan and bankruptcy among youth
4.0 The Scope Of Study
This research will analyzes the problem and investigate the factor that contribute to bankruptcy among youth. the researcher will selects the respondents among
Bankruptcy becoming the issues toward many youth nowadays. The worst is the bankruptcy was involves with many youth where below than age 30. According to Credit Counselling and Management Agency in New Straits Times (2011), an average of 41 Malaysians are declared bankrupt daily, with the majority failing to make repayment for car purchase loan. In short, the problem of bankruptcy among youth has to be taken seriously.
2.0 Problem Statement
Statistics by the AKPK indicated that the number of individual bankruptcy cases had raised by 11.2% to 18,053 cases in 2010 and increased by a further 6.2% to 19,167 cases in 2011 (Curbing Credit Card Abuse, 2012). According to a survey by the Education and Research Association for Consumers, the number of Malaysians in financial distress appears to have increased, as evidenced in the jump in the number of bankruptcy filings from 13,855 in 2008 to 19,167 last year (NewStraitsTimes, 2012). Therefore, this research will investigate further about what are the factors that lead many youth to being sentences bankruptcy.
2.1 Research Question
2.1.1 What are the relationship between unemployment with bankruptcy among youth?
2.1.2 Is there any relationship between financial illiteracy with bankruptcy among youth?
2.1.3 Is there any relationship between medical expenses with bankruptcy among youth?
2.1.4 What are relationship between loan and bankruptcy among youth?
3.0 Research Objective 3.1 To investigate the relationship between unemployment with bankruptcy among youth 3.2 To determine the relationship between financial illiteracy with bankruptcy among youth 3.3 To know the relationship between medical expenses with bankruptcy among youth 3.4 To identify the relationship between loan and bankruptcy among youth
4.0 The Scope Of Study
This research will analyzes the problem and investigate the factor that contribute to bankruptcy among youth. the researcher will selects the respondents among
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