Keywords
financial behavior
factor socio-economics
generation millenials
How to Cite
Abstract
This study investigates the influence of education, age, and income on the digital financial literacy of millennials residing in Yogyakarta, as well as the relationship between digital financial literacy and financial behaviors such as shopping, and investing. Employing a quantitative research approach, data were collected through a survey of 150 millennial respondents. The findings indicate that socioeconomic factors namely age, education, and income do not significantly impact digital financial literacy. However, the results highlight a strong association between digital financial literacy and millennials' financial behaviors, with substantial influence observed on shopping, and investment decisions. These findings suggest that while socioeconomic characteristics play a limited role in determining digital financial literacy, such literacy remains essential in guiding millennials' financial choices. Ultimately, this study emphasizes the critical role of digital financial literacy in shaping financial behavior, irrespective of the socioeconomic background of millennials.
References
Alysa, Muthia, F. and Andriana, I. (2023) ‘Pengaruh Literasi Keuangan Digital terhadap Perilaku Menabung dan Perilaku Berbelanja pada Generasi Z’, Al-Kharaj : Jurnal Ekonomi, Keuangan & Bisnis Syariah, 6(3), pp. 2811–2823. Available at: https://journal.laaroiba.ac.id/index.php/alkharaj/article/view/4706.
Arianti, B.F. (2020) ‘PENGARUH PENDAPATAN DAN PERILAKU KEUANGAN TERHADAP LITERASI KEUANGAN MELALUI KEPUTUSAN BERINVESTASI SEBAGAI VARIABEL INTERVENING’, Jurnal Akuntansi, 10(1), pp. 13–36. Available at: https://ejournal.unib.ac.id/index.php/JurnalAkuntansi/article/view/9416.
Artha, B. et al. (2023) ‘Keuangan digital: suatu studi literatur’, Entrepreneurship Bisnis Manajemen Akuntansi (E-BISMA), 4(1), pp. 84–91. Available at: https://ejournal.widyamataram.ac.id/index.php/j-mae/article/view/626.
Azeez, N.P.A. and Akhtar, S.M.J. (2021) ‘Digital Financial Literacy and Its Determinants: An Empirical Evidences from Rural India’, South Asian Journal of Social Studies and Economics, 11(2), pp. 8–22. Available at: https://doi.org/10.9734/sajsse/2021/v11i230279.
Badan Pusat Statistik (BPS) Kabupaten Demak (2021) Hasil Sensus Penduduk 2020. Available at: https://demakkab.bps.go.id/id/news/2021/01/21/67/hasil-sensus-penduduk-2020.html (Accessed: 20 October 2024).
Firmansyah, D. and Susetyo, D.P. (2022) ‘Financial Behavior in the Digital Economy Era: Financial Literacy and Digital Literacy’, Jurnal Ekonomi dan Bisnis Digital, 1(4), pp. 367–390. Available at: https://doi.org/10.55927/ministal.v1i4.2368.
Hayati, A.F., Syofyan, R. and Oknaryana (2022) ‘Digital Financial Literacy Students in the Era of Industrial Revolution 4.0’, in Proceedings of the Eighth Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA-8 2021). Atlantis Press, pp. 108–111. Available at: https://www.atlantis-press.com/proceedings/piceeba-8-21/125976324.
Jhonson, B. et al. (2023) ‘THE INFLUENCE OF DIGITAL FINANCIAL LITERACY ON FINANCIAL WELL-BEING THROUGH SPENDING, SAVING, AND INVESTMENT BEHAVIOR IN INDONESIA’, JOURNAL OF BUSINESS STUDIES AND MANGEMENT REVIEW, 6(2), pp. 157–168. Available at: https://doi.org/10.22437/jbsmr.v6i2.24793.
Pratama, D.Y., Kusumawardhani, R. and Maulida, A. (2024) ‘Pengaruh Literasi Keuangan, Sikap Keuangan Dan Gaya Hidup Pada Perilaku Keuangan Generasi Milenial’, JPEK (Jurnal Pendidikan Ekonomi dan Kewirausahaan), 8(1), pp. 126–132. Available at: https://e-journal.hamzanwadi.ac.id/index.php/jpek/article/view/24215.
Rahayu, R. et al. (2022) ‘The Current Digital Financial Literacy and Financial Behavior in Indonesian Millennial Generation’, Journal of Accounting and Investment, 23(1), pp. 78–94. Available at: https://doi.org/10.18196/jai.v23i1.13205.
Ramiyanti, S. and Arianto, B. (2023) ‘Pendampingan Literasi Keuangan Digital Bagi UMKM Digital Di Kelurahan Tembong Kota Serang’, PRAXIS: Jurnal Pengabdian kepada Masyarakat, 1(3), pp. 158–167. Available at: https://doi.org/10.47776/praxis.v1i3.621.
Safryani, U., Aziz, A. and Triwahyuningtyas, N. (2020) ‘Analisis Literasi Keuangan, Perilaku Keuangan, Dan Pendapatan Terhadap Keputusan Investasi’, Jurnal Ilmiah Akuntansi Kesatuan, 8(3), pp. 319–332. Available at: https://jurnal.ibik.ac.id/index.php/jiakes/article/view/384.
Setiawan, M. et al. (2022) ‘Digital financial literacy, current behavior of saving and spending and its future foresight’, Economics of Innovation and New Technology, 31(4), pp. 320–338. Available at: https://www.tandfonline.com/doi/citedby/10.1080/10438599.2020.1799142?scroll=top&needAccess=true.
Siswanti, T. (2023) ‘PENGARUH LITERASI KEUANGAN DIGITAL DAN SOSIAL EKONOMI TERHADAP PEMANFAATAN DIGITAL PAYMENT DENGAN BUDAYA SEBAGAI VARIABEL MODERATING’, Jurnal Bisnis dan Akuntansi Unsurya, 8(1), pp. 30–43. Available at: https://journal.universitassuryadarma.ac.id/index.php/jbau/article/view/1017.
Sufyati HS and Alvi Lestari (2022) ‘Pengaruh Literasi Keuangan, Inklusi Keuangan dan Gaya Hidup Terhadap Perilaku Keuangan Pada Generasi Milenial’, Jurnal Multidisiplin Madani, 2(5), pp. 2415–2430. Available at: https://doi.org/10.55927/mudima.v2i5.396.
Wahyuni, R., Irfani, H. and Syahrina, I.A. (2019) ‘Terhadap Perilaku Konsumtif Berbelanja Online Pada Ibu Rumah Tangga di Kecamatan Lubuk Begalung Kota Padang’, Jurnal Benefita, 4(3), pp. 548–559. Available at: https://www.researchgate.net/publication/336935761_PENGARUH_GAYA_HIDUP_DAN_LITERASI_KEUANGAN_TERHADAP_PERILAKU_KONSUMTIF_BERBELANJA_ONLINE_PADA_IBU_RUMAH_TANGGA_DI_KECAMATAN_LUBUK_BEGALUNG_KOTA_PADANG/fulltext/5dbba37c299bf1a47b071d14/PENGARUH-GAYA-HIDUP-DAN-LITERASI-KEUANGAN-TERHADAP-PERILAKU-KONSUMTIF-BERBELANJA-ONLINE-PADA-IBU-RUMAH-TANGGA-DI-KECAMATAN-LUBUK-BEGALUNG-KOTA-PADANG.pdf.
Yang, J., Wu, Y. and Huang, B. (2023) ‘Digital finance and financial literacy: Evidence from Chinese households’, Journal of Banking and Finance, 156, p. 107005. Available at: https://www.sciencedirect.com/science/article/pii/S0378426623001966.
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Copyright (c) 2024 Wilhelmus Taek, Ratih Kusumawardhani, Johannes Maysan Damanik