Gen Z Financial Behavior in The Cashless Era
DOI:
https://doi.org/10.21111/at.v11i1.14122Keywords:
Digital Financial Literacy; Financial Attitude; Financial BehaviorAbstract
Research on Financial Behavior in Generation Z in the Cashless Society Era needs to be carried out. Increasing the use of technology by making everything easier for community activities. towards the Industrial Revolution 5.0 is inevitable, where the role of digital business is very strong. To support public transactions, especially generation Z, they use FinTech, which includes e-wallets. Apart from Fintech, another consideration in Financial Behavior is Financial Attitude. Financial attitude describes the way people practice financial behavior that is related to a person's personality in managing finances based on their experience. Financial Behavior, which is action in making decisions in the financial sector, is very important. Therefore, this research aims to analyze the influence of Digital Financial and Financial Attitude on Financial Behavior in Generation Z both partially and simultaneously to prove previous theories and research related to the determinants of Financial Behavior. The research method uses linear regression analysis. Previously, a classical assumption test analysis was carried out. The data used is primary data with a Likert scale of 1 to 5. Before the questionnaire is distributed to obtain data, it is necessary to test the questionnaire instrument with validity and reliability tests. The results of this research show that digital financial literacy has a positive and significant effect on financial attitude. Digital financial literacy has a positive influence on financial management behavior. Financial Attitude has a positive and significant effect on Financial Management Behavior and digital literacy, financial literacy has a positive and significant effect on financial management behavior through financial attitudeReferences
Abdallah, W., Tfaily, F., & Harraf, A. (2024). The impact of digital financial literacy on financial behavior: customers’ perspective. Competitiveness Review Journal, 35(1).
Adiputra, I. G., Suprastha, N., & Tania, L. (2021). The influence of financial knowledge, financial attitude dan locus of control on financial behavior of E-Wallet users in Jakarta. The Journal of Contemporary Issues in Business and Government, 27(1), 3318–3332.
Andana, R. R., & Yuniningsih. (2023). Financial Management Behavior in Using Fintech (Study on Management Students of UPN “Veteran†East Java). Journal of Accounting, Finance and Auditing Studies, 9(3), 67–84.
Arifin, A. Z. (2018). Influence Factors toward Financial Satisfaction with Financial Behavior as Intervening Variable on Jakarta Area Workforce. European Research Studies Journal, 21(1), 90–103.
Azzahra, T., & Kartini. (2022). Pengaruh Financial Technology Payment, Financial Attitude, dan Financial Knowledge terhadap Financial Management Behavior bagi Mahasiswa di Yogyakarta. Selekta Manajemen: Jurnal Mahasiswa Bisnis & Manajemen, 1(2), 78–91.
Bire, A. R., Maria, M., Manteiro, M. C., & Hamu, A. L. A. (2023). The influence of financial technology, financial literacy and financial attitudes on the financial behavior of micro, small and medium enterprises (MSMEs). Enrichment: Journal of Management, 13(5), 3478–3486.
Damayanti, D., Tubastuvi, N., Purwidianti, W., & Aryoko, Y. P. (2023). Financial Management Behavior: The Influence of Financial Knowledge, Financial Attitude, and Financial Literacy Mediated by Locus of Control. Indonesian Journal of Business Analytics, 3(6), 2331–2350.
Duryadi. (2021). Buku Ajar “Metode Penelitian Ilmiah†(Metode Penelitian Empiris, Model Path Analysis dan Analisis Menggunakan Smart PLS. Yayasan Primagus Teknik.
Farida, M. N., Soesatyo, Y., & Aji, T. S. (2021). Influence of financial literacy and use of financial technology on financial satisfaction through financial behavior." International journal of education and literacy studies 9.1 (2021): 86-95. International Journal of Education & Literacy Studies, 9(1), 86–95.
Firli, A., & Fathiya, N. (2022). Impact of OVO Digital Wallet on Student Financial Management Behavior (Case Study in One of the Big Cities in Indonesia). Budapest International Research and Critics Institute-Journal (BIRCI-Journal), 5(2), 11518–11529.
Goyal, K., Kumar, S., & Xiao, J. J. (2021). Antecedents and consequences of Personal Financial Management Behavior: a systematic literature review and future research agenda. International Journal of Bank Marketing, 39(7), 1166–1207.
Kaur, K., & Sahni, N. (2024). A study of mediating effect of DFL among Financial attitude, Financial Socialization and Personal Financial Management Behavior. A SEM Approach. Frontiers in Health Informatics, 13(3), 4455–4470.
Lidiana, Arsun, & Madrianah. (2024). The Effect of Financial Technology (Fintech) and Financial Literacy on the Financial Behaviourof Millennials in Indonesia: The Mediating Role of Financial Attitude. Journal of Business and Behavioural Entrepreneurship, 8(1), 60–68.
Morgan, P. J., Huang, B., & Trinh, L. Q. (2019). The need to promote digital financial literacy for the digital age. The Future of Work and Education for the Digital Age, G 20 Japan, 1–9.
Novianti, R., & Retnasih, N. R. (2023). Financial Literacy, Financial Technology (FinTech), and Locus of Control on Financial Management Behavior. Ekonomis: Journal of Economics and Business, 7(1), 422–428.
Rahmaningsih, E., Khairiyah, N. M., & Ismawanto, T. (2022). Faktor-Faktor Yang Mempengaruhi Penggunaan Aplikasi Keuangan DigitalTerhadap Pembayaran Non-Tunai Melalui Aplikasi (QRIS)Pada Mahasiswa PoliteknikNegeri Balikpapan. Jurnal Mahasiswa Akuntansi Poltekba (JMAP), 4(1), 1–10.
Sandi, K., Worokinasih, S., & Darmawan, A. (2020). Pengaruh financial knowledge dan financial attitude terhadap financial behavior pada youth entrepreneur kota Malang. Jurnal Administrasi Bisnis, SPECIAL IS, 140–150.
Sugiyono. (2016). Metode Penelitian Kuantitatif, Kualitatif, dan R&D. Alfabeta.
Widyakto, A., Liyana, Z. W., & Rinawati, T. (2022). The influence of financial literacy, financial attitudes, and lifestyle on financial behavior. Diponegoro International Journal of Business, 5(1), 33–46.
Yanti, L. R., Isnaeni, N., & Rafiqi. (2022). Analisis Faktor-Faktor Penggunaan Dompet Digital (E-Wallet) sebagai Alat Transaksi di Tinjau dari Perspektif Ekonomi Islam. Journal of Islamic Economic and Finance (Najaha Iqtishod), 3(3), 157–167.
Zaimovic, A., Omanovic, A., Nuhic Meskovic, M., Arnaut-Berilo, A., Zaimovic, T., Dedovic, L., & Torlakovic, A. (2024). The nexus between digital financial knowledge and financial inclusion: digital financial attitudes and behaviour as mediators enhancing financial inclusion. International Journal of Bank Marketing.
