Jurnal Manajemen dan Kewirausahaan
Vol. 22 No. 2 (2020): SEPTEMBER 2020

THE IMPROVEMENT OF GENERATION Z FINANCIAL WELL-BEING IN PEKANBARU

Nicholas Renaldo (Institut Bisnis dan Teknologi Pelita Indonesia)
Sudarno Sudarno (Institut Bisnis dan Teknologi Pelita Indonesia)
Hutahuruk Br. Marice (STIE Prakarti Mulya)



Article Info

Publish Date
01 Sep 2020

Abstract

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 atitude 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

Copyrights © 2020






Journal Info

Abbrev

man

Publisher

Subject

Economics, Econometrics & Finance

Description

Jurnal Manajemen dan Kewirausahaan or Journal of Management and Entrepreneurship is published biannually, in March and September, by Petra Christian University. JMK aims to promote recent research results on Management and or Entrepreneurship, publish only research results on Management, such as ...