Financial Management Behavior: Case Study of Gen Z and Millennial Gen Bekasi Regency

Abdul Latif, Erna Apriani, Dian Rachmawati Afandi, Akfika Rizky Sabilla

Abstract


The role of Gen Z and Gen Millennials is vital as social capital, the financial behavior of Gen Z and Gen Millennials is an important capital in the future journey of the Indonesian economy, and the financial management behavior of Gen Z and Gen Millennials will have an impact on the level of education and finance, from this urgency the financial management behavior of Gen Z and Gen Millennials needs to be studied as an urgency in this study. The research objectives are formulated using specific objectives by analyzing the role of financial knowledge, personality traits, and education level in the financial management behavior of Gen Z and Gen Millennials. The data analysis method in this research is a quantitative approach. The analysis method uses Structural Equation Modeling (SEM) with SmartPLS software. The study samples were Gen Z and Gen Millennials in Bekasi Regency. The research sampling technique used purpose sampling with online and direct questionnaire techniques and interviews. The sample determined by the purpose sampling technique was 100 respondent samples. The results showed that the financial knowledge variable has no effect on financial management behavior, the personality traits variable has a significant effect on financial management behavior, and the level of education variable significantly affects the financial management behavior of Gen Z and Gen millennials in Bekasi Regency.

Keywords


Financial Management Behavior, Financial Knowledge, Personality Traits, and Education Level

Full Text:

PDF

References


Ajzen, I. (2011). The theory of planned behaviour: Reactions and reflections. In Psychology & health (Vol. 26, Issue 9, pp. 1113–1127). Taylor & Francis.

Arikunto, S. (2019). Prosedur Penelitian. Rineka Cipta.

Blount, I., Triana, M. del C., Richard, O., & Li, M. (2023). How women CEOs’ financial knowledge and firm homophily affect venture performance. Journal of Business Research, 155, 113459. https://doi.org/https://doi.org/10.1016/j.jbusres.2022.113459

Cahyaningrum, B., & Fikri, M. A. (2021). Peran pemediasi locus of control pada pengaruh financial knowledge dan financial attitude terhadap financial management behavior. Jurnal Ilmu Manajemen, 9(4), 1500–1515.

Charlyvia, I., & Rivaâ, A. R. (2023). Pengaruh Literasi Keuangan, Personality Traits, dan Pengendalian Diri terhadap Perilaku Pengelolaan Keuangan (Studi pada Penggemar Artis Thailand). J-MAS (Jurnal Manajemen Dan Sains), 8(1), 189–195.

Chen, F., Yu, D., & Sun, Z. (2023). Investigating the associations of consumer financial knowledge and financial behaviors of credit card use. Heliyon, 9(1), e12713. https://doi.org/https://doi.org/10.1016/j.heliyon.2022.e12713

Çineli, B., & Mugiyama, R. (2023). Money management over the course of marriage: Parenthood, employment and household financial organization in Japan. Advances in Life Course Research, 56, 100544. https://doi.org/https://doi.org/10.1016/j.alcr.2023.100544

Farrell, L., Fry, T. R. L., & Risse, L. (2016). The significance of financial self-efficacy in explaining women’s personal finance behaviour. Journal of Economic Psychology, 54, 85–99. https://doi.org/https://doi.org/10.1016/j.joep.2015.07.001

Firli, A., & Hidayati, N. (2021). The influence of financial knowledge, financial attitude, and personality towards financial management behavior on productive age population. Review of Integrative Business and Economics Research, 10, 43–55.

Ghozali, I. (2018). SPSS Aplikasi Analisis Multivariate Statistik. Badan Penerbit Universitas Diponegoro1.

Gujarathi, D. M. (2022). Gujarati: Basic Econometrics. McGraw-hill.

Hamid, N., Refrianti, D., Ma’mum, S. Z., & Yusuf, M. (2022). Pengaruh Financial Knowledge, Financial Attitude dan Personality terhadap Financial Management Behavior (Studi Kasus pada Pelaku UMKM di MTQ Kota Kendari). ECOTECHNOPRENEUR: Journal Economics, Technology And Entrepreneur, 1(01), 69–81.

Igamo, A. M., Rachmat, R. Al, Siregar, M. I., Gariba, M. I., Cherono, V., Wahyuni, A. S., & Setiawan, B. (2024). Factors Influencing Fintech Adoption for Women in the post-Covid-19 Pandemic. Journal of Open Innovation: Technology, Market, and Complexity, 100236. https://doi.org/https://doi.org/10.1016/j.joitmc.2024.100236

Infante, Y. O. T. A. Y., & Mardika, D. R. W. (2024). Determinant of Financial Management Behavior: Evidence From MSMES Gen-Z. International Journal of Management and Digital Business, 3(1), 32–43.

Lusardi, A., Michaud, P.-C., & Mitchell, O. S. (2017). Optimal financial knowledge and wealth inequality. Journal of Political Economy, 125(2), 431–477.

Nakavachara, V. (2010). Superior female education: Explaining the gender earnings gap trend in Thailand. Journal of Asian Economics, 21(2), 198–218. https://doi.org/https://doi.org/10.1016/j.asieco.2009.09.006

Nobriyani, A. P., & Haryono, N. A. (2019). Faktor-faktor yang memengaruhi financial management behavior pada keluarga tki di kabupaten ponorogo. Jurnal Ilmu Manajemen, 7(3).

Putri, R. S., Tubastuvi, N., Rahmawati, I. Y., & Endratno, H. (2023). The Effect of Financial Literacy, Financial Knowledge, Financial Attitudes and Personality on Financial Management Behavior in MSME. BASKARA: Journal of Business and Entrepreneurship, 5(2), 136–151.

Sahara, Y., Fuad, M., & Setianingsih, D. (2022). The role of financial attitude, financial experience, financial knowledge and personality on student’s personal financial management behavior. SOROT, 17(3), 167–176.

Sampe, F., Irawan, J. L., Raprayogha, R., Ernayani, R., Fitria, N., Ayuandani, W., Fiddah, A. I., Yanthiani, L., Levany, Y., Ruhliandini, P. Z., & Latif, A. (2023). Manajemen Keuangan Perusahaan Lanjutan. Sada Kurnia Pustaka. https://books.google.co.id/books?id=brGqEAAAQBAJ

Vernimmen, P., Quiry, P., & Le Fur, Y. (2022). Corporate finance: theory and practice. John Wiley & Sons.




DOI: https://doi.org/10.24815/jr.v8i1.44095

Article Metrics

Abstract view : 0 times
PDF - 0 times

Refbacks

  • There are currently no refbacks.


Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Riwayat: Educational of History and Humanities indexed by

sinta_logodoaj_logoDimensions_logoCROSSREF_logoROAD_logoPKP_Index_logoGoogle_Scholar_logogaruda_logoonesearch_logoBASE_logoWordcat_logo

___________________________________________________________
Riwayat: Educational of History and Humanities

E-ISSN 2775-5037
P-ISSN 2614-3917

Published by History Education Department, Faculty of Teacher Training and Education, Universitas Syiah Kuala, Province Aceh. Indonesia
W :https://jurnal.usk.ac.id/riwayat
E : riwayat@usk.ac.id

Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.