The Effect of Financial Behavior, Financial Knowledge and Self-Control on the Financial Well-Being of Generation Z in Indonesia (original) (raw)

The Effect of Financial Literacy, Income and Self Control on Financial Behavior Generation Z (Study on Generation Z Financial Behavior in Bekasi Regency)

Economic Education Analysis Journal

Financial behavior is an important thing to pay attention to, with good financial behavior a person will beable to meet his needs both from the short and long term. The purpose of this study was to determine and analyze the effect of financial literacy, income and self-control on thelimited financial behavior of generation Z. The population of this study is generation Z in Bekasi Regency. This studyused quantitative research with data collection techniques using questionnaires. The sampling technique in this study is by using urposive sampling techniques, so that the number of samples inthis study was 100 respondents. And the technique of data analysis inthis research is using Structural Equation Modelling (SEM) withthe help of SmartPLS version 4.0 for windows. The results of this study found that financial liability variables have a negative and insignificant effect on financial behavior in generation Z in Bekasi Regency, income variables have a positive and significant effec...

Financial Literacy, Income and Self-Control on Financial Management Behavior of Generation Z

BASKARA : Journal of Business and Entrepreneurship

In the current era of globalization, economic circulation continues to change and gradually spread throughout the world, including Indonesia. One of the factors influencing these changes is financial behavior. Therefore, financial knowledge is absolutely important the community, because financial knowledge covers how individuals manage their finances properly. Often, individuals fail to manage their finances not because of their low income but because of their ignorance in managing and allocating their finances properly. The purpose of this study was to find out whether there is influence from financial literacy, income, and self-control variables on the financial management behavior of Generation Z, especially students at universities like Muhammadiyah Jakarta. The method used in this study is a quantitative approach with primary data obtained from distributing questionnaires. The data analysis technique used by the researcher uses the classical assumption test, multiple linear reg...

The Effect of Financial Literacy and Self-Control on the Consumptive Behavior of State Senior High School Students in East Jakarta

Transekonomika: Akuntansi, Bisnis dan Keuangan

This research with a quantitative approach aims to describe the direct and indirect effects of financial literacy on self-control and consumptive behavior, as well as the role of self-control as a mediating variable between the influence of financial literacy and consumptive behavior. The population in this study were SMA Negeri students in East Jakarta, with a total of 285 students being the sample, which was determined by a proportionate random sampling technique. Data was obtained using a questionnaire distributed through Google Form, then analyzed using path analysis with the help of IBM SPSS Version 25 software. The results showed that: (1) There is a direct influence of financial literacy on consumptive behavior; (2) There is a direct influence of self-control on consumptive behavior; (3) There is a direct influence of financial literacy on self-control; and (4) Self-control is able to mediate the effect of financial literacy on the consumptive behavior of State Senior High Sc...

Financial Well-Being: A Way to Maintain Long-Term Financial Security

JURISMA : Jurnal Riset Bisnis & Manajemen

Financial literacy has an important role in encouraging improving financial well-being. The purpose of this study is to determine the effect of Financial Attitude and Financial Knowledge on Financial Well Being. The research method uses quantitative and data analysis techniques used is multiple linear regression analysis. With a population of 105 employees of Badan Pengelolaan Keuangan Daerah Kabupaten Ciamis and sampling using a saturated sampling technique, the entire population was sampled with as many as 105 respondents. The research results conclude that financial attitude and financial knowledge affect financial well-being with a magnitude of 65.6%. Therefore, it is expected that the financial sector employees of BPKD Kabupaten Ciamis can maintain and improve their financial attitude and knowledge by implementing financial planning, management, and control to improve their financial well-being. The study has an impact on increasing knowledge about financial behavior in governm...

A Study on the Relationship between Financial Well-Being and Self-Control

Orissa Journal of Commerce

The prime objective of the human being in their household is to achieve financial well-being, because well-being is related to its mental satisfaction. In this analysis, various variables influencing a related financial well-being model of the family are identified and examined. An online survey is conducted to study the financial behaviour, subjective well-being, self-control, trust and demographic variables. Our experiments extend the use of behavioural life cycle theory to achieve general financial benefits in addition to savings behaviour. The study findings suggest that socioeconomic well-being has substantial impact on finance, financial knowledge, financial status, and marital status. Financial intervention profoundly impacts the consequences of financialliteracy, financial-behaviour and enforcement of financial-welfare. Marital status also increases the financial well-being effect on financial literacy but does not improve financial well-being. Individuals with high self-control are more likely to save money from each quest and improve their overall financial performance and investments.

Financial Well-being of College Students: An Empirical Study on Mediation Effect of Financial Behavior

KnE Social Sciences, 2019

The aim of this study is to examine the influence of financial literacy, financial socialization, financial attitude, and financial confidence on financial well-being, either directly or through financial behavior. The population of this study are students of Economics Faculty of Semarang State University force year 2015, there are 536 students. The sample of this research are 230 students that is taken using Slovin formula with proportionate random sampling technique. This study used a quantitative approach and used questionnaire as data collecting method. Then, data analysis technique used descriptive analysis, path analysis, and sobel test. The results showed that financial literacy, financial socialization, financial attitude, financial confidence, and financial behavior have positive effect on financial well-being. Financial literacy, financial socialization, financial attitude, and financial confidence also have a positive effect on financial behavior. Then, financial literacy, financial socialization, financial attitude, and financial confidence have a positive effect on the financial well-being through financial behavior.

The Influence of Financial Literacy, Financial Attitude and Locus of Control on Financial Satisfaction: Evidence From the Community in Jakarta

2021

The purpose of this study was to analyze the effect of financial literacy, financial attitude and locus of control on financial satisfaction. The sample was collected using a non-probability method through purposive sampling. The 146 participants were stock investors. Data were analyzed using the SEMPLS method with the Smart PLS 3.2.8 application. Financial literacy had a significant effect on financial satisfaction, which shows that people who have knowledge of finance will achieve a level of satisfaction in planning and managing personal finances. Financial attitude had a significant effect on financial satisfaction, indicating that financial attitude will influence people’s behavior in making decisions. Locus of control had a significant effect on financial satisfaction, which shows that people who have good control will have satisfaction in planning, managing and making personal financial decisions.

The Relationship between Subjective Financial Knowledge and Financial Well-Being among Emerging Adults in Malaysia: Mediating Effect of Financial Behaviour

International Journal of Academic Research in Business and Social Sciences, 2022

This study aims to examine the relationship between subjective financial knowledge, financial behaviour, and financial well-being in emerging adults in Malaysia. Additionally, this study establishes the role of financial behaviour as a moderator in the indirect association between subjective financial knowledge and financial well-being. In total, 500 of the 700 questionnaires distributed were returned and usable in this study, resulting in a response rate of 71.4 percent. Between the ages of 19 and 29, respondents from Selangor, Pahang, Perak, Melaka, and Sabah were asked to answer the online questionnaire. On the basis of the data, the hypothetical model was statistically tested using Partial Least Square-Structural Equation Modelling (PLS-SEM), more precisely Smart Partial Least Square (SmartPLS) version 3.3.2. The findings indicated that subjective financial knowledge significantly improved financial wellbeing. Financial behaviour and financial well-being also have a substantial direct relationship. The findings indicate that financial behaviour has a significant positive indirect effect on the relationship between subjective financial knowledge and financial well-being. The findings of this study could add to the existing body of knowledge and set a new standard for governments and other groups who want to improve the public's financial well-being, especially for young people.

THE IMPROVEMENT OF GENERATION Z FINANCIAL WELL-BEING IN PEKANBARU

JMK, VOL 22, No. 2, SEPTEMBER 2020, 142–151, 2020

The current economic condition of generation Z was pretty unexpected. It might trigger problems personally or even their families. This study aimed to reveal the factors influencing the financial well-being and altering personality problems of generation Z. There were more than 800,000 peoples in population and the number of the sample was 239 peoples using a combination of purposive and convenience sampling methods. The data was then analyzed using multiple linear regression. The researchers used primary data by distributing questionnaires based on a Likert Scale. All classic assumptions met the criteria and testing produced financial self-efficacy, financial attitude, financial knowledge, financial behavior, and had a significant positive effect on financial well-being. However, locus of control had no significant effect on financial well-being. Generation Z must increase their independence and confidence to achieve what they want. It would be good to have financial attitude and investment behavior along with financial knowledge. They must also believe that only theirself can provide personal well-being. Generation Z needed character education, more mature, and independent thinking models to deal with economic problems.

The Influence of Financial Knowledge on Financial Behavior and Financial Satisfaction on Pelita Indonesia Students

Jurnal Manajemen Indonesia, 2022

The 2020 pandemic situation caused more than 60 percent of dissatisfaction with the survey results to the current financial situation. From the same small survey, it was found 34 percent of respondents showed poor financial habits. This study aims to determine the effect of Financial Knowledge on Financial Behavior and Financial Satisfaction. The sample in this study was 246 people using purposive and convenience sampling techniques. Data processing using path analysis with a Bayesian approach. The results showed that there was a significant influence of Financial Knowledge on Financial Behavior, Financial Knowledge on Financial Satisfaction, and Financial Behavior on Financial Satisfaction. Improved Financial Knowledge, both directly and indirectly, will greatly impact on Financial Satisfaction and really needs to be improved. Central Bank can provide financial knowledge supplies to lecturers of certain subjects so that it can be passed on to students.