IDEAS home Printed from https://ideas.repec.org/a/taf/oabmxx/v7y2020i1p1743618.html
   My bibliography  Save this article

The effects of financial literacy and materialism on the savings decision of generation Z Indonesians

Author

Listed:
  • Stevanus Pangestu
  • Erwin Bramana Karnadi

Abstract

The purpose of this research is to analyze the influence of financial literacy and materialism on the savings decision of Indonesia’s generation Z. This study was motivated by the country’s agenda to achieve financial inclusion and develop human resources throughout the nation. We distributed questionnaires to 430 university students to measure their financial literacy score and materialism level, as well as the savings rate of every respondent. Through a series of regression analyses, we find that (i) age, gender, and major of study significantly influence financial literacy score; (ii) financial literacy positively influences savings decision; and (iii) materialism negatively influences savings decision. Our findings generally foretell favourable financial conditions for future generations of Indonesians. Finally, we also strongly recommend policymakers to start integrating financial education as a compulsory part of every school’s curriculum, regardless of level.

Suggested Citation

  • Stevanus Pangestu & Erwin Bramana Karnadi, 2020. "The effects of financial literacy and materialism on the savings decision of generation Z Indonesians," Cogent Business & Management, Taylor & Francis Journals, vol. 7(1), pages 1743618-174, January.
    • Handle: RePEc:taf:oabmxx:v:7:y:2020:i:1:p:1743618
    DOI: 10.1080/23311975.2020.1743618
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/23311975.2020.1743618
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/23311975.2020.1743618?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Naznin Sultana Chaity & Shahriar Bin Kabir & Parul Akhter & Rifat Parveen Bokhari, 2024. "How Financial Literacy Impacts Financial Well-Being: The Influence of Financial and Technical Efficacy," International Journal of Economics and Financial Issues, Econjournals, vol. 14(2), pages 207-217, March.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:oabmxx:v:7:y:2020:i:1:p:1743618. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://cogentoa.tandfonline.com/OABM20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.