Proceedings of Annual International Conference Syiah Kuala University - Social Sciences Chapter
Vol 7 (2017): 7th AIC in conjuction ICMR 2017 Universitas Syiah Kuala October 2017

Analysis on factors influencing students financial literacy

Ade Gunawan (University of Muhammadiyah Sumatera Utara, Medan)
Murviana Koto (University of Muhammadiyah Sumatera Utara, Medan)



Article Info

Publish Date
05 Jun 2018

Abstract

Financial literacy has become a hot issue to be discussed nowadays. This is because the mastery on finance can lead to financial welfare. Education highly contributes in the increment of financial literacy, and this research focuses on how gender, age, parents’ income and University affect in students’ financial literacy. This research is done to 451 Economic and Business students by using accidental sampling. Financial literacy is analyzed with descriptive analysis and factor analysis with Confirmatory Factor Analysis (CFA) using Structural Equation Model (SEM). The result shows that age, gender, and parents’ income affect students’ financial literacy in significant way, while University lincome doesn’t affect in significant way.

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