Financial literacy and retirees' resource allocation decisions in New Zealand

Noviarini, Jelita; Coleman, Andrew; Roberts, Helen; Whiting, Rosalind H.

doi:10.1016/j.pacfin.2023.101985

Cited by 8 publications

(1 citation statement)

References 48 publications

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“…Didukung oleh survei yang dilakukan oleh Otoritas Jasa Keuangan (OJK) yang menunjukkan bahwa indeks literasi keuangan masyarakat Indonesia pada tahun 2022 sebesar 49,68% lebih tinggi dibandingkan tahun 2019 sebesar 38,03%, artinya literasi keuangan masyarakat sudah semakin meningkat dan sudah banyak masyarakat yang makin melek bahwa literasi keuangan itu penting untuk kehidupan (OJK, 2022). Literasi keuangan dimulai dari pengetahuan dan pemahaman yang mendukung pengembangan keterampilan keuangan (Noviarini et al, 2023). Kerena perkembangan teknologi ini harus diiringi dengan pemahaman keuangan yang baik, literasi keuangan sebagai wujud kemampuan seseorang untuk mengetahui dan memahami mengenai persepsi dan resiko keuangan, keterampilan serta keyakinan dalam mengambil keputusan yang tepat (Sari & Kautsar, 2020).…”

Section: Pendahuluanunclassified

Peran Financial Literacy dan Income Terhadap Financial Technology dengan Financial Management Behavior Sebagai Variabel Mediasi

2023

jpek

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The purpose of this study is to find out how the role of Financial Literacy and income in the use of digital wallet financial technology products is mediated by the Financial Management Behavior variable. The data in this study is primary data collected through online questionnaires and additional in-person interviews, secondary data is data from OJK, BI and several scientific articles used as references. The sample in this research was millennial generation and generation Z women in West Java Province. The sample collection technique uses Accidental Sampling. The analysis method uses Structural Equation Modeling (SEM) with SmartPLS software. The results showed that financial literacy on financial management behavior and financial literacy on financial technology did not have a direct effect, followed by financial literacy on financial technology which was mediated by financial management behavior which also did not have an indirect effect. Meanwhile, income on financial management behavior, income on financial technology and financial management behavior on financial technology has a direct influence and income on financial technology mediated by financial management behavior has an indirect effect.

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Section: Pendahuluanunclassified

Peran Financial Literacy dan Income Terhadap Financial Technology dengan Financial Management Behavior Sebagai Variabel Mediasi

2023

jpek

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A qualitative investigation into financial well-being and social capital of retired government school teachers

Mundi,

Vashisht,

Rao

2024

QRFM

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Purpose The purpose of this study is to investigate the financial well-being and social capital of Indian retirees. The paper investigates the extent of subjective financial well-being, the dependence on debts and the extent of bridging and bonding social capital of retirees with similar retirement pensions to understand the main issues they face. Design/methodology/approach Semi-structured interviews were conducted with 32 retired government schoolteachers. Two individuals transcribed the interviews after a pilot study, which helped remove repetitive responses. After ensuring the authenticity of the transcripts, the data was analyzed using interpretive phenomenological analysis. Findings The study's key findings reveal that retirees, armed with a clear understanding of their retirement income, exhibit a sense of financial control. At the same time, the presence of debt and the potential for high healthcare expenses adversely impact their subjective financial well-being. In terms of social capital, retirees predominantly rely on support from close-knit communities of friends and neighbors, as against their children. Additionally, retirees who migrate from their native places encounter challenges in establishing bridging social capital. Originality/value This study contributes to the ongoing discourse on financial well-being, specifically within the context of vulnerable groups such as retirees in India, where the absence of a state-supported retirement system adds a distinctive dimension. Against the backdrop of India's traditional societal framework, the research extends the existing literature by delving into the nuanced effects of evolving social dynamics on the social capital of retirees.

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Digital and Financial Literacy for Uplifting Women and Achieving Sustainable Development Goals

Mishra,

Kandpal,

Agarwal

et al. 2024

F1000Res

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Digital and financial literacy are changing the landscape of the globe in terms of its approach to development. These two literacies also help to achieve women’s empowerment and, consequently, the sustainable development goals (SDGs) more quickly. This systematic literature review looks at the two literacies and their effects, focusing on women’s participation and showing how digital literacy not only increases women’s access to knowledge and connectivity but is also a door to women’s entrepreneurship and financial independence. Likewise, financial literacy, when coupled with digital skills, can be a breakthrough to the traditional socioeconomic barrier – poverty – by assisting women in making informed economic decisions, increasing their financial independence and resilience in the face of a global crisis. Empirical realities that still hinder women’s education, such as cultural norms, infrastructural deficiencies and educational gaps, still exist. However, the paper points out that to have a more equal world based on the SDGs, the double literacy strategy for women’s empowerment should not be negotiable.

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Financial literacy and retirees' resource allocation decisions in New Zealand

Cited by 8 publications

References 48 publications

Peran Financial Literacy dan Income Terhadap Financial Technology dengan Financial Management Behavior Sebagai Variabel Mediasi

Peran Financial Literacy dan Income Terhadap Financial Technology dengan Financial Management Behavior Sebagai Variabel Mediasi

A qualitative investigation into financial well-being and social capital of retired government school teachers

Digital and Financial Literacy for Uplifting Women and Achieving Sustainable Development Goals

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