The Influence of Digital Technologies and Consumer’s Over-Indebtedness

Idris, N. H., Rahim, F. A., & Kassim, S. (2019). The Influence of Digital Technologies and Consumer’s Over-indebtedness. International Journal of Academic Research in Business and Social Sciences, 9(1), 1043–1051, DOI: 10.6007/IJARBSS/v9-i1/5504

9 Pages Posted: 12 Apr 2019 Last revised: 16 Apr 2019

See all articles by Nur Hafidzah Idris

Nur Hafidzah Idris

UiTM

Fahmi Abdul Rahim

affiliation not provided to SSRN

Suhailah Kassim

affiliation not provided to SSRN

Date Written: January 1, 2019

Abstract

Debt plays an essential role in people’s everyday life. Household consumption theoretically stimulates the economic growth of a nation by generating revenue for the financial industry, employment and business outcomes. However, having much debt will lead to some adverse effects which include slow GDP, the impact on financial institutions, and individuals’ difficulties. A recent study by (Idris et al., 2016), the researcher revealed that Malaysians currently are facing a high debt problem; over-indebtedness problem. Furthermore, with the advancement of digital technology among Malaysians users, had a trigger to the situations of fear of missing out (FAMO), where the individual will spend to not missing out and be the same level as his/her social norms, such as peers and friends. This factor will contribute to over-indebtedness. Although previous studies have stated that the digital technology effects on individual spending pattern, however, there is no study has considered the impact of digital technology towards over-indebtedness. With regards to this limitation, thus this study tries to formulate the digital technology and over-indebtedness model in filling a research gap in the related field.

Keywords: over-indebtedness, digital technology, young generation, financial innovation, internet addiction

JEL Classification: M

Suggested Citation

Idris, Nur Hafidzah and Abdul Rahim, Fahmi and Kassim, Suhailah, The Influence of Digital Technologies and Consumer’s Over-Indebtedness (January 1, 2019). Idris, N. H., Rahim, F. A., & Kassim, S. (2019). The Influence of Digital Technologies and Consumer’s Over-indebtedness. International Journal of Academic Research in Business and Social Sciences, 9(1), 1043–1051, DOI: 10.6007/IJARBSS/v9-i1/5504. Available at SSRN: https://ssrn.com/abstract=3355135

Nur Hafidzah Idris (Contact Author)

UiTM ( email )

Universiti Teknologi MARA
110 Off Jalan Hang Tuah
Malacca, Malaysia 75300
Malaysia
+6062857150 (Phone)

Fahmi Abdul Rahim

affiliation not provided to SSRN

Suhailah Kassim

affiliation not provided to SSRN

Register to save articles to
your library

Register

Paper statistics

Downloads
7
Abstract Views
69
PlumX Metrics