Analysis of parental saving on children's tertiary education

Analysis of parental saving on children's tertiary education

The purpose of this study is to analyze parental savings for childrens tertiary education.This study used a questionnaire set as the research instrument and purposive samplingmethod had been adopted for data collection purposes. A total of 392 respondents; which werecomprised of parents with childre...

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Main Author: Tan Xiao Fang
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Published: 2021
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Tan Xiao Fang
Analysis of parental saving on children's tertiary education
description The purpose of this study is to analyze parental savings for childrens tertiary education.This study used a questionnaire set as the research instrument and purposive samplingmethod had been adopted for data collection purposes. A total of 392 respondents; which werecomprised of parents with children at tertiary education level participated in thisstudy. Data were analyzed through mean, frequency, percentage, multiple regressionanalysis tests and were processed by using SPSS software version 23. The resultsshowed, there is no significant difference between number of parents who make savings and thenumber of parents who do not make savings for their childrens tertiary education. In addition, ownsavings accounts were identified as the most popular medium of savings among the parents. Thefindings of multiple regression analysis showed that; income (= 0.179, p = 0.001), peoplesurrounding ( = 0.392, p = 0.000), expectation ( = 0.364, p = 0.000) and institutions ( =0.146, p = 0.014) factors were positively and significantly related to parental saving.Meanwhile, only awareness ( = 0.047, p = 0.328) factor was found to be insignificant. Inconclusion, all parties should work together to increase public awareness in recognizing theimportance of making savings as early as possible to ensure sufficient savings to cover the cost ofchildrens tertiary education. Bank and non- bank institutions can offer attractive and affordableschemes to enable parents to make loans according to their ability. The findings of thisstudy may provide successful implications to parental awareness on the importance of financialplanning and adequate savings to fund their children tertiary education.
format thesis
qualification_name
qualification_level Master's degree
author Tan Xiao Fang
author_facet Tan Xiao Fang
author_sort Tan Xiao Fang
title Analysis of parental saving on children's tertiary education
title_short Analysis of parental saving on children's tertiary education
title_full Analysis of parental saving on children's tertiary education
title_fullStr Analysis of parental saving on children's tertiary education
title_full_unstemmed Analysis of parental saving on children's tertiary education
title_sort analysis of parental saving on children's tertiary education
granting_institution Universiti Pendidikan Sultan Idris
granting_department Fakulti Pengurusan dan Ekonomi
publishDate 2021
url https://ir.upsi.edu.my/detailsg.php?det=6826
_version_ 1747833316748296192
spelling oai:ir.upsi.edu.my:68262022-02-25 Analysis of parental saving on children's tertiary education 2021 Tan Xiao Fang The purpose of this study is to analyze parental savings for childrens tertiary education.This study used a questionnaire set as the research instrument and purposive samplingmethod had been adopted for data collection purposes. A total of 392 respondents; which werecomprised of parents with children at tertiary education level participated in thisstudy. Data were analyzed through mean, frequency, percentage, multiple regressionanalysis tests and were processed by using SPSS software version 23. The resultsshowed, there is no significant difference between number of parents who make savings and thenumber of parents who do not make savings for their childrens tertiary education. In addition, ownsavings accounts were identified as the most popular medium of savings among the parents. Thefindings of multiple regression analysis showed that; income (= 0.179, p = 0.001), peoplesurrounding ( = 0.392, p = 0.000), expectation ( = 0.364, p = 0.000) and institutions ( =0.146, p = 0.014) factors were positively and significantly related to parental saving.Meanwhile, only awareness ( = 0.047, p = 0.328) factor was found to be insignificant. Inconclusion, all parties should work together to increase public awareness in recognizing theimportance of making savings as early as possible to ensure sufficient savings to cover the cost ofchildrens tertiary education. Bank and non- bank institutions can offer attractive and affordableschemes to enable parents to make loans according to their ability. The findings of thisstudy may provide successful implications to parental awareness on the importance of financialplanning and adequate savings to fund their children tertiary education. 2021 thesis https://ir.upsi.edu.my/detailsg.php?det=6826 https://ir.upsi.edu.my/detailsg.php?det=6826 text eng closedAccess Masters Universiti Pendidikan Sultan Idris Fakulti Pengurusan dan Ekonomi Acemoglu, D. (2003). Why not a political coase theorem? Journal of ComparativeEconomics, 31, 620- 652Acemoglu, D., Johnson, S. & J. Robinson (2006). Institutions as a fundamental cause of long rungrowth. Handbook of Economic Growth 1A, 386-472. Retrievedfromhttps://scholar.harvard.edu/files/alesina/files/cultureandinstitutions_je l_2014.pdfACPf (2014). The African report on violence against children. Addis Ababa: The African child policy forum (ACPf). Retrieved fromhttp://africanchildforum.org/files/AfricanReprotVAC.pdf.Ahmad Mahdzan Ayob (2005). Kaedah Penyelidikan Sosioekonomi. (edisi ke-3). 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