Financial Capability & Utilization of Financial Advisory Services in Malaysia- All Issues

Global economies, fluctuating oil prices, property, debt, low rate of savings and the current pandemic period with country-wide movement control order poses more challenges to the Malaysian households with a drastic fall in overall aggregate demand, resulting in pay cuts and job losses. Parallel to that, this study has several objectives whereby to investigate the general financial literacy and financial capabilities of Malaysians, determine Malaysians’ literacy of the Capital Market and understand Malaysians’ preferences with regards to financial planning advisory services.