The Impact of Financial Education and Socioeconomic Status on the Undergraduate Students' Financial Literacy

Khusaini, Khusaini; Mardisentosa, Bambang; Bastian, Asep Ferry; Taufik, Ruhiyat; Widiawati, Windi

doi:10.24856/mem.v27i01.2385

Cited by 9 publications

(7 citation statements)

References 30 publications

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“…Agar individu memiliki control belief terhadap keputusan keuangan, individu perlu terliterasi secara keuangan. Literasi keuangan merupakan pengetahuan, pemahaman, dan kesadaran individu yang dapat mempengaruhi keputusan keuangan (Ameliawati dan Setiyani, 2018; Khusaini, Mardisentosa, Bastian, Taufik, dan Widiawati, 2022;Latifiana, 2017;Suprasta dan Nuryasman, 2020).…”

Section: Kajian Teoriunclassified

Generasi Sandwich: Penyebab Stres Dan Pengaruhnya Terhadap Keputusan Keuangan

Elizabeth²

2023

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This research aims to find the correlation between financial literacy towards financial decision-making with retirement planning, sandwich generation, and stres as the mediating variables. Population used in this research is Indonesian people who are their productive age, are generating income, and are financially responsible for themselves and their families who are both older and younger than them. In this research, researchers gathered 382 samples dominated by people aged between 26 until 31 who live on Java Island. This research uses the quantitative method, cross-sectional, and convenience sampling using questionnaires distributed online. Then, the data is analyzed by using smartPLS 4.0 version. The result is financial literacy positively correlates with retirement planning; retirement planning positively influences sandwich generation; sandwich generation negatively affects stress, and stress negatively correlates with financial decision-making.

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Section: Kajian Teoriunclassified

Generasi Sandwich: Penyebab Stres Dan Pengaruhnya Terhadap Keputusan Keuangan

Elizabeth²

2023

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“…The aging population has had a series of impacts on the financial services industry, especially the insurance industry. With the deepening population aging, insurance companies have begun to develop innovative products and services for older people, such as launching health insurance, pension insurance, longevity insurance, and other products that meet the needs of older people, as well as providing customized insurance plans to meet the unique needs of older people [5]. In addition, insurance companies can also strengthen online services and digital channels to facilitate the purchase and settlement of claims insurance for older people and improve user experience.…”

Section: Transformation and Development Of The Insurance Industrymentioning

confidence: 99%

The Impact of Population Aging on Financial Services and Economic Development

Fang

2023

AEMPS

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With the increasing aging population, it has had a profound impact on the financial services industry and economy. This study aims to explore the effect of population aging on the financial service industry and economy and propose corresponding countermeasures and suggestions. The aging population has brought challenges to the financial services industry. The increase in the elderly population has led to a rise in demand for financial products and services. Financial institutions innovate and develop financial products and services that meet the needs of older people. At the same time, the financial literacy of older people is relatively low, and financial institutions need to strengthen financial education and improve their financial knowledge level. Secondly, the aging population has had multiple economic impacts, with decreased labor supply and increased elderly care expenses putting pressure on economic growth. Financial institutions must pay attention to this trend, adjust loan policies, and support the development of emerging industries to promote sustainable economic growth. In addition, the change in the consumption needs of older adults has also brought new opportunities to the economy. Financial institutions can meet the consumption needs of older people and promote economic development through innovative products and services.

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“…Financial literacy leads to a person's knowledge and ability to use finances so that they can confidently make decisions about finances that will have a positive impact on their lives in the future (Setyorini et al, 2021). Khusaini et al, (2022) added that an employee's financial literacy includes broad knowledge related to finance, such as personal financial management, institutional financial management, short-term financial management, long-term financial management, and knowledge of financial products and services.…”

Section: Goodmentioning

confidence: 99%

Self-Efficacy and Financial Literacy Influencing Employee Performance of West Sumatera Merchant Marine Polytechnic

Prabowo,

Yumna

2023

jmpp

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Employee performance is influenced by self-efficacy and financial literacy. The purpose of this study was to determine the effect of self-efficacy on employee performance, the effect of financial literacy on employee performance, and the effect of self-efficacy and financial literacy on employee performance at the West Sumatera Merchant Marine Polytechnic. This research is quantitative research with ex post facto methods. The population of this study was all employees at West Sumatera Merchant Marine Polytechnic. The research sample was selected by using a purposive sampling technique which only selected the civil servants totaling 73 people. The research instrument is a questionnaire. The data collection technique in this study was to distribute the questionnaire directly to the sample. The data analysis technique used multiple linear regression analysis with the help of SPSS statistics 25. The results showed that there is a positive effect of self-efficacy on employee performance, a positive effect of financial literacy on employee performance, and the effect of self-efficacy and financial literacy simultaneously on the employee performance of the West Sumatera Merchant Marine Polytechnic. So it is recommended that every employee and agency leader pay attention to self-efficacy and financial literacy factors to realize optimal employee performance.

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The Impact of Financial Education and Socioeconomic Status on the Undergraduate Students' Financial Literacy

Cited by 9 publications

References 30 publications

Generasi Sandwich: Penyebab Stres Dan Pengaruhnya Terhadap Keputusan Keuangan

Generasi Sandwich: Penyebab Stres Dan Pengaruhnya Terhadap Keputusan Keuangan

The Impact of Population Aging on Financial Services and Economic Development

Self-Efficacy and Financial Literacy Influencing Employee Performance of West Sumatera Merchant Marine Polytechnic

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