Dinasti International Journal of Education Management and Social Science
Vol 1 No 3 (2020): Dinasti International Journal of Education Management and Social Science (Februar

MILLENNIALS: THEIR FINANCIAL LITERACY AND DECISION MAKING

Arie Widyastuti (Padjadjaran University, Bandung, Indonesia)
Ratna Komara (Padjadjaran University, Bandung, Indonesia)
Layyinaturrobaniyah Layyinaturrobaniyah (Padjadjaran University, Bandung, Indonesia)



Article Info

Publish Date
19 Feb 2020

Abstract

Millennials are now the largest population groupings in Indonesia, therefore their decisions in financial matters have significant implications for themselves as well as the country’s economy. This paper is aimed to evaluate the level of financial literacy possessed by the Millennials and their attitudes towards making key financial decisions. Data were collected through questionnaire of 30 questions with 15 questions regarding financial literacy and 15 questions related to financial decision making, with the participants in the study consists of 446 individuals who were born from 1980s to 2000s. The result reveals that better financial literacy leads to better financial decision at 1% significance level. This study also indicates that, although demographic profiles such as gender, education, length of working experience, income, number of credit card ownership and mother education have positive correlation with the level of financial literacy, they do not have moderating effect to the financial literacy and financial decision making of the millennials

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Journal Info

Abbrev

DIJEMSS

Publisher

Subject

Education

Description

Dinasti International Journal of Education Management and Social Science (DIJEMSS) is the scientific journal of educational and social science research published since 2019 by Dinasti Publisher. Dinasti International Journal of Education Management and Social Science (DIJEMSS) articles which ...