INCOME, PSYCHOLOGICAL WELL-BEING AND THE DYNAMICS OF URBAN POVERTY

CINDY, CHEONG SING NING (2022) INCOME, PSYCHOLOGICAL WELL-BEING AND THE DYNAMICS OF URBAN POVERTY. [Final Year Project Report] (Unpublished)

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Abstract

The main objective of this study was to investigate the relationship between income, psychological well-being and the dynamics of urban poverty among Malaysian millennials and Generation Z. The goals of this research have been fully accomplished by the empirical results. The Pearson correlation analysis, Kendall’s tau-b correlation, and Spearman’s rho correlation were utilized in this study in order to determine the association between individual’s primary income and psychological well-being. All findings showed that the null hypothesis should be rejected and statistically significant. Besides, in order to examine the impact of individual’s earning ability on psychological well-being, the group statistics and independent samples t-test were used in this study. The findings showed that an independent t-test found this pattern to be significant, t (166.233) = -2.169, p < 0.05. Lastly, in order to investigate the relationship between income, household poverty and psychological well-being, the Pearson correlation analysis with various variables, model summary, ANOVA, standardized and unstandardized coefficients, regression standardized residual histogram, normal P-P plot of regression standardized residual, and Shapiro-Wilk test of normality were used in this research.

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