Abstract:
19 hit the nation, millennials in Malaysia were found to have low financial literacy. The low awareness of financial literacy
could lead to bankruptcy. However, question remained unanswered as to what is the key indicator to the Malaysian millennial’s financial
literacy? Furthermore, there was no highlight on the future orientation as the key indicator by studies in the past despite its significance.
Hence, this study will serve an important contribution through the inclusion of the future orientation as key indicator and to determine
whether future orientation can influence the financial literacy amongst Malaysian millennials in the post COVID-19. The results revealed that
with the existence of future orientation, the level of awareness about the importance of financial literacy among Malaysian millennials has
increase. The study’s outputs may serve as guidelines to the Malaysian government agencies and policymakers to formulate appropriate
actions to prevent high bankruptcy rate, apart from extending the body of knowledge to shed some light on financial literacy. The findings
from this study also offered an alternative approach in addressing the escalating bankruptcy issues faced by Malaysian millennials.
