Abstract:
Prior to the onset of the COVID-19 pandemic in Malaysia, it was observed that individuals belonging to the millennial generation exhibited a relatively low level of financial literacy. The limited level of knowledge on financial literacy has the potential to result in individuals experiencing bankruptcy. Nevertheless, there is still an unresolved inquiry regarding the primary determinant of financial literacy among the millennial population in Malaysia. Moreover, despite its importance, previous research has not placed significant emphasis on future orientation as a critical indication. Therefore, this study will make a significant addition by incorporating future orientation as a crucial indicator to examine the potential influence of future orientation on the financial literacy of Malaysian millennials in the post-COVID-19
period. The findings indicate that future orientation has led to a rise in the knowledge level about the significance of financial literacy among millennials in Malaysia. The findings of this study can potentially provide valuable guidance to Malaysian government agencies and
policymakers in formulating effective strategies to address the issue of high bankruptcy rates. Additionally, this research contributes to the existing body of knowledge by offering insights into the importance of financial literacy. The study's findings additionally presented an
alternative strategy for tackling the increasing insolvency challenges encountered by millennials in Malaysia.
