1*INTI International University, Malaysia (Corresponding Author)
2Educator, M.P.S. Jugdambi, SSS, Mauritius
3Assam Down Town University, Guwahati, Assam, India
Purpose: Affordability in housing has become an increasing socio-economic issue in Malaysia, especially for the B40 and M40 income groups. Although the government housing policies are dominated by supply-side measures, including affordable housing programs and financial subsidies, little effort has been put into the issue of financial capability to facilitate sustainable homeownership. This study aims to explore the potential role of financial literacy in addressing long-term housing affordability challenges and proposes a conceptual framework linking financial education, financial behaviour, and housing accessibility.
Design/Methodology/Approach: This study adopts a conceptual research approach by synthesizing existing literature on financial literacy, financial education, and housing affordability. Relevant theoretical perspectives, including Human Capital Theory, the Theory of Planned Behaviour, and Self-Determination Theory, are integrated to explain how financial education can influence financial behaviour and long-term financial decision-making.
Findings: The study proposes that early financial education can enhance financial literacy, which subsequently influences responsible financial behaviour such as savings, budgeting, and debt management. These behaviours contribute to improved financial capability and greater readiness for long-term financial commitments such as homeownership.
Originality/Value: This study contributes to the literature by introducing a conceptual framework that connects financial literacy development with housing affordability outcomes, highlighting financial education as a complementary demand-side strategy for improving sustainable homeownership.
Keywords: Financial literacy, Housing affordability, Financial education, Financial behaviour, Homeownership, Malaysia, Economic Growth
How to cite this article: Ling CS, Teck TS, Geok LS, Hai ST, Eu E, Toh JS, Veerunjaysingh S, Prakash S. Financial Literacy as a Strategy for Improving Housing Affordability: A Conceptual Framework for Early Financial Education in Malaysia. Int J Drug Deliv Technol. 2026;16(7s): 582. DOI: 10.25258/ijddt.16.7s.62
Source of support: Nil.
Conflict of interest: None