How do Financial Literacy, Financial Management Learning, Financial Attitudes and Financial Education in Families Affect Personal Financial Management in Generation Z?

• Autores: Basri Bado, Muhammad Hassan, Thamrin Tahir, Sitti Hasbiah
• Localización: International Journal of Professional Business Review: Int. J. Prof.Bus. Rev., ISSN 2525-3654, ISSN-e 2525-3654, Vol. 8, Nº. 5, 2023 (Ejemplar dedicado a: Continuous publication; e01897)
• Idioma: inglés
• DOI: 10.26668/businessreview/2023.v8i5.2001
• Enlaces
  • Texto completo (pdf)
• Resumen

  • Purpose: This study aims to reveal how the influence of financial literacy, financial management learning, financial attitudes and financial education in the family on personal financial management in generation Z.

      Theoretical framework: The influence of digitization is of course also felt by Generation Z as a generation that certainly has various needs, both consumption needs, clothing, internet quotas, education, and so on. and other personal needs. Financial problems can be faced by Generation Z when they are not or have not been able to manage their personal finances effectively, especially with increasing digitization in every aspect of life encouraging people to behave consumptively   Design/methodology/approach: This study uses quantitative research. The data collection method applied is through observation, questionnaires and documentation. The population in this study is Generation Z, and the sample is 54 respondents taken from students who are Generation Z. The data analysis used is multiple linear regression analysis.

      Findings: it is shown that the simultaneous testing of the four variables (X) has a significant effect on personal financial management in Generation Z (Y). However, based on a partially significant test of financial literacy variables (X1), financial attitude variables (X3) and financial education variables in the family (X4) did not have a significant effect, while the other independent variable, namely financial management learning (X2) had a significant effect on Generation Z (Y) personal finance management.

      Research, Practical & Social implications:  Based on the conclusion, the implications in this study are (1) it is expected that the Z generationcan further improve their financial literacy and attitude in order to carry out more effective personal financial management. (2) it is hoped that parents can provide financial education to their children.

      Originality/value: (1) the characteristics of financial literacy do not have a positive and substantial effect on the personal financial management of generation Z. (2) The learning variables of financial management have a positive and significant effect on the personal financial management of generation Z.

• Referencias bibliográficas
  • Abeyrathna, S. P. G. M. (2020). Factors Affecting To Personal Financial Management Behaviours Of GOVERNMENT Employees In Sri Lanka. International...
  • Afriani, S., & Yanti, R. T. (2019). The Effect Of Financial Literacy On Student Financial Behavior (Case Study of Students of Economic...
  • Aini, S. N., Wahyudi, & Siswantini, T. (2021). Analisis Perilaku Keuangan Generasi Z Pada Mahasiswa UPN Veteran Jakarta Di Masa Pandemi....
  • Ameliawati, M., & Setiyani, R. (2018). The Influence of Financial Attitude , Financial Socialization , and Financial Experience to Financial...
  • Antoni, Z. L., Rootman, C., & Struwig, F. W. (2019). The influence of parental financial socialisation techniques on student financial...
  • Ayu, D. A. P. (2020). Pengaruh Pendidikan Keuangan Di Keluarga dan Finansial Literasi Terhadap Perilaku Mahasiswa Dalam Mengelola Keuangan...
  • Baptista, S. M. J., & Dewi, A. S. (2021). The Influence of Financial Attitude, Financial Literacy, and Locus of Control on Financial Management...
  • Bhargava, N. R., Mittal, S., & Kushwaha, V. S. (2017). Impact of Financial Literacy on Personal Financial Management Based on Occupation....
  • Bondt, W. De, Muradoglu, G., Shefrin, H., & Staikouras, S. K. (2008). Behavioral Finance : Quo Vadis ? Jounal Of Applied Finance, 1–14.
  • Cao, Y., & Liu, J. (2017). Financial Executive Orientation, Information Source, and Financial Satisfaction of Young Adults. Journal of...
  • Çera, G., Khan, K. A., Mlouk, A., & Brabenec, T. (2021). Improving financial capability : the mediating role of financial behaviour. Economic...
  • Chen, H., & Volpe, R. P. (1998). An Analysis of Personal Financial Literacy Among College Students. Financial Services Review, 7(2), 107–128.
  • Compen, B., Witte, K. De, & Schelhout, W. (2019). The Role of Teacher Professional Development In Financial Literacy Education : A Systematic...
  • Coskun, A., & Dalziel, N. (2020). Mediation effect of financial attitude on financial knowledge and financial behavior : The case of university...
  • Coşkuner, S. (2017). Linking Financial Management Practices To Financial Literacy: Evidence From Turkey. International Journal of Scientific...
  • Darmawan, A., & Pratiwi, F. A. (2020). Pengaruh Pendidikan Keuangan Keluarga, Pembelajaran Keuangan di Perguruan Tinggi, Sikap Keuangan...
  • Deventer, M. Van. (2020). Relationship between Attitudes towards Personal Financial Planning and Perceived Personal Financial Management Skills...
  • Fajriyah, I. L., & Listiadi, A. (2021). Pengaruh Uang Saku dan Pendidikan keuangan Keluarga terhadap Pengelolaan keuangan pribadi Melalui...
  • Gahagho, Y. D., Rotinsulu, T. O., & Mandeij, D. (2021). Pengaruh Literasi Keuangan Sikap Keuangan dan Sumber Pendapatan Terhadap Perilaku...
  • Garg, N., & Singh, S. (2018). Financial Literacy Among Youth. Internastional Journal of Social Economics, 45(1), 173–186. https://doi.org/10.1108/IJSE-11-2016-0303
  • Goetz, J., Cude, B. J., Nielsen, R. B., Chatterjee, S., & Mimura, Y. (2011). College-Based Personal Finance Education : Student Interest...
  • Hendri, N., Sa’diah, K., Jodi, I. W. G. A. S., Hidayat, A., Nasution, S. W. P., & Mujiani, S. (2022). Evaluation of Financial Management...
  • Herawati, N. T. (2015). Kontribusi Pembelajaran Di Perguruan Tinggi Dan Literasi Keuangan Terhadap Perilaku Keuangan Mahasiswa. Jurnal Pendidikan...
  • Herdjiono, I., & Damanik, L. A. (2016). Pengaruh Financial Attitude, Financial Knowledge, Parental Income Terhadap Financial Management...
  • Jacobsen, C., & Correia, J. (2019). Analysis of Financial Literacy in a College Population. Journal of Higher Education Theory and Practice,...
  • Johan, I., Rowlingson, K., & Appleyard, L. (2021). The Effect of Personal Finance Education on The Financial Knowledge, Attitudes and...
  • Jurevičienė, D., & Ivanova, O. (2013). Behavioural Finance: Theory and Survey. Mokslas - Lietuvos Ateitis, 5(1), 53–58. https://doi.org/10.3846/mla.2013.08
  • Laturette, K., Widianingsih, L. P., & Subandi, L. (2021). Literasi Keuangan Pada Generasi Z. Jurnal Pendidikan Akuntansi (JPAK), 9(1),...
  • LeBaron, A. B., Holmes, E. K., Jorgensen, B. L., & Bean, R. A. (2020). Parental Financial Education During Childhood and Financial Behaviors...
  • Lewar, R. S., Usman, S., & Suruan, T. M. (2020). Perencanaan Keuangan Pribadi Pada Mahasiswa Fakultas Ekonomi dan Bisnis Universitas Papua....
  • Lusardi, A. (2019). Financial literacy and the need for financial education : evidence and implications. Swiss Journal of Economics and Statistics,...
  • Magdalena, I., Wahyuni, A., & Hartana, D. D. (2020). Pengelolaan Pembelajaran Daring Yang Efektif Selama Pandemi Di SDN 1 Tanah Tinggi....
  • Magfirah. (2017). Pengaruh Pengetahuan Keuangan Pribadi Terhadap Pengelolaan Keuangan Pribadi Masyarakat Kota Makassar Dengan Love Of Money...
  • Marsh, B. A. (2006). Examining The Personal Finance Attitudes, Behaviors, And Knowledge Levels of First-Year And Senior Students At Baptist...
  • Mathews, J. (2013). Behavioral Finance : A Primary Analysis. Royal University of Bhutan. https://doi.org/10.2139/ssrn.2329573
  • Meadows, M., & Mejri, S. (2021). Student Perceptions of the Implications of a Financial Literacy Project Within a College Mathematics...
  • Ming, K. Y. L., & Jais, M. (2021). Parents’ Perception on Importance of Financial Education for Children in the COVID-19 Pandemic Context....
  • Muizzuddin, Taufik, Ghasarma, R., Putri, L., & Adam, M. (2017). Financial Literacy; Strategies and Concept in Understanding the Financial...
  • Napitupulu, J. H., Ellyawati, N., & Astuti, R. F. (2021). Pengaruh Literasi Keuangan dan Sikap Keuangan Terhadap Perilaku Pengelolaan...
  • Navickas, M., Gudaitis, T., & Krajnakova, E. (2014). Influence Of Financial Literacy On Management Of Personal Finances In A Young Household....
  • Nawi, F. A. M., Daud, W. M. N. W., Ghazali, P. L., Yazid, A. S., & Shamsuddin, Z. (2018). Islamic Financial Literacy : A Conceptualization...
  • Pangestu, S., & Karnadi, E. B. (2020). The Effects of Financial Literacy and Materialism On The Savings Decision of Generation Z Indonesians....
  • Prihartono, M. R. D., & Asandimitra, N. (2018). Analysis Factors Influencing Financial Management Behaviour. International Journal of...
  • Prihatingsih, P. (2021). Determinasi Manajemen Keuangan Pribadi Mahasiswa. Jurnal KEUNIS (Keuangan Dan Bisnis), 9(1), 13–22. https://doi.org/10.32497/keunis.v9i1.2157
  • Purwaningrat, P. A., Oktarini, L. N., Ayu, I., & Saraswathi, A. (2019). Managing Personal Finance : The Role of Spiritual and Financial...
  • Rai, K., Dua, S., & Yadav, M. (2019). Association of Financial Attitude, Financial Behaviour and Financial Knowledge Towards Financial...
  • Ramavhea, G., Fouche, J., & Walt, F. Van Der. (2017). Financial Literacy of Undergraduate Students – a Case Study of a Public University...
  • Ricciardi, V., & Simon, H. K. (2000). What is Behavioral Finance ? Business, Education and Technology Journal Fall 2000, 1–9.
  • Rikayanti, V. R., & Listiadi, A. (2020). Pengaruh Literasi Keuangan, Pembelajaran Manajemen Keuangan, dan Uang Saku Terhadap Perilaku...
  • Rodriguez, V. H. P., Morales, A. J. G., Navarro, L. R. R., Salvador, C. E., Espinoza, L. V., & Hernandez, O. H. (2023). Pedagogical Leadership...
  • Rosa, I., & Listiadi, A. (2020). Pengaruh Literasi Keuangan, Pendidikan Keuangan di Keluarga, Teman Sebaya, dan Kontrol Diri terhadap...
  • Sari, D. A. (2015). Financial Literacy dan Perilaku Keuangan Mahasiswa (Studi Kasus Mahasiswa STIE “YPPI” Rembang). Buletin Bisnis & Manajemen,...
  • Selcuk, E. A. (2015). Factors Influencing College Students ’ Financial Behaviors in Turkey : Evidence Factors Influencing College Students...
  • Shankar, N., Vinod, S., Kamath, R., Shankar, N., & Vinod, S. (2022). Financial Well-Being – A Generation Z Perspective Using a Structural...
  • Sisbintari, I. (2017). Sekilas Tentang Behavioral Finance. Jurnal Ilmiah Administrasi Bisnis Dan Inovasi, 1(2), 88–101. https://doi.org/10.25139/jai.v1i2.814
  • Sovitha, V., & Thavakumar, D. (2020). Personal Financial Management Behaviour of Lower Income People in Batticaloa District. The Journal...
  • Sudaryono. (2017). Metotodologi Penelitian: Kuantitatif, Kualitatif, dan Mix Method. PT Raja Grafindo Persada.
  • Sugiyono. (2013). Metode Penelitian Kuantitatif, Kualitatif, Dan R & D. Penerbit Alfabeta.
  • Sumtoro, A., & Anastasia, N. (2015). Perilaku Keuangan dalam Pengambilan Keputusan Berinvestasi Properti Apartemen di Surabaya. FINESTA,...
  • Swiecka, B., Yeşildağ, E., Özen, E., & Grima, S. (2020). Financial literacy: The case of Poland. Sustainability, 12, 1–17. https://doi.org/10.3390/su12020700
  • Zaki, U. R. A., Rosli, M. H., Yahya, N. F., & Halim, H. (2020). The Relationship Of Financial Literacy And Financial Attitude Towards...
  • Zhao, H., & Zhang, L. (2020). Talking money at home: the value of family financial socialization. International Journal of Bank Marketing,...
  • Zulfaris, M. D., Mustafa, H., Mahussin, N., Alam, M. K., & Daud, Z. M. (2020). Students and Money Management Behavior of a Malaysian Public...