Financial literacy and retirement savings ownership

Adiandari, Ade Maharini; Amrita, Nyoman Dwika Ayu; Winata, Hendra

doi:10.1201/9780429295348-95

Cited by 3 publications

(3 citation statements)

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“…Financial literacy is demonstrated through debt repayment, budgeting, and understanding the distinctions between various financial products (Remund, 2010). Finally, financial literacy influences families' efforts to establish financial stability, acquire a home, support their children's education, or secure a retirement income (Adiandari et al, 2020). A lack of financial literacy affects people in developed and economically developing economies (Adiandari & Sumintono, 2021).…”

Section: Financial Literacy For a Good Family Lifementioning

confidence: 99%

“…Furthermore, the Social Security Board of Trustees predicts that the Old-Age and Survivors Insurance (OASI) Trust Fund, which pays retiree payments, will be empty by 2033. There are several suggestions to enhance Social Security, but the uncertainty makes it more critical for people to prepare for and plan for retirement (Adiandari et al, 2020). According to the 2022 Investopedia Financial Literacy Survey findings, Millennials and Generation Z plan to rely on 401(k) plans.…”

Section: Financial Literacy For a Good Family Lifementioning

confidence: 99%

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Financial Literacy Education and its Role in Promoting Family Economic Welfare

2022

JETT

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This study discussed the role of financial literacy in supporting family economic welfare. The data search was conducted electronically on China data related to two variables: digital literacy and family success. After conducting an in-depth review, study, and discussion, we can conclude that financial literacy is closely related to family welfare. To train all family members to become financially literate, giving in the family must be applied so that family members understand how to manage their lives financially. We hope this finding will contribute new ideas for completing similar studies in other future.

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Section: Financial Literacy For a Good Family Lifementioning

confidence: 99%

Section: Financial Literacy For a Good Family Lifementioning

confidence: 99%

Financial Literacy Education and its Role in Promoting Family Economic Welfare

2022

JETT

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“…The demand for life insurance in Indonesia has been increasing over the years in line with rising incomes and the public's awareness of the need to anticipate future risks. However, the contribution of life insurance to the Indonesian economy remains relatively low (Adiandari et al, 2017;Wibowo, 2020). The life insurance industry faces several challenges and obstacles.…”

Section: Introductionmentioning

confidence: 99%

Analysis of the literacy level of health workers regarding Islamic life insurance at the Ofa Padang Mahondang Community Health Center

Sinulingga,

Soemitra,

Aslami

2023

J. Islam. Econ. Lariba

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IntroductionFinancial literacy on Islamic life insurance is considered low. Various things can be the causes of this low literacy including the lack of socialization, education, and professional collaboration programs.ObjectivesThis study aims to analyze the literacy level of health workers regarding Islamic life insurance considering the phenomenon of still very low penetration and density of such product. MethodThis research uses descriptive quantitative methods. Primary data was obtained through a questionnaire. The population of this study was 38 health workers who worked at the Ofa Padang Mahondang Village Health Center, Pulau Rakyat District, Asahan Regency, North Sumatra Province.Results57.9% of respondents had a high level of financial literacy, being able to answer correctly above 80%. 34.2% of respondents were in the middle category, being able to answer correctly between 60%-80%. Only 7.9% respondents were in low category, being able to answer correctly below 60%. ImplicationsThe study highlights the importance of continuous education and awareness campaigns about Islamic insurance among healthcare professionals and the broader population.Originality/NoveltyThis study contributes to efforts to increase knowledge about Islamic life insurance for health workers as the spearhead of health services in Indonesia.

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Comparison of Financial Literacy in Different Countries

Adiandari

Fitriandari

2023

IJSRST

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The essence of the discussion of this paper is to gain an in-depth understanding of some comparative information on financial literacy in several countries in the world. As data to support this discussion, we have visited some online literature sources on reports or publications of academic pepper books and works, especially the discussion of financial literacy in each country and why it is essential to study. After obtaining several related literatures, we examined it under a phenomenological study approach, which is an approach that tries to understand a problem from several available pieces of information and data. Among other things, we code, evaluate in-depth data, synchronize data, and occasionally perform interpretations. In order to find some relevant and valid information to answer the research questions and hypotheses,this study prioritizes publication or secondary data from various journals and media at home and abroad. After gaining an in-depth understanding and discussion, comparing financial literacy in several countries has shown several things that distinguish countries with a financial teaching background from ordinary countries. In other words, financial literacy determines the welfare of a nation. This study will likely become a meaningful input in the development of follow up studies.

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Financial literacy and retirement savings ownership

Cited by 3 publications

References 1 publication

Financial Literacy Education and its Role in Promoting Family Economic Welfare

Financial Literacy Education and its Role in Promoting Family Economic Welfare

Analysis of the literacy level of health workers regarding Islamic life insurance at the Ofa Padang Mahondang Community Health Center

Comparison of Financial Literacy in Different Countries

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