The Role of Financial Behavior in Shaping the Sustainability of Financial Satisfaction Among Millennials in Jakarta
- DOI
- 10.2991/aebmr.k.220501.062How to use a DOI?
- Keywords
- Financial Knowledge; Financial Socialization; Financial Attitude; Financial Satisfaction; Financial Behavior
- Abstract
This research is intended to analyze the effect of financial knowledge, financial attitude and financial socialization towards financial satisfaction with financial behavior mediating the relations in respect to the 12th Sustainable Development Goals (SDGs), responsible consumption. The sample for this research are young millennials aged 17-26 living in Jakarta. Cluster sampling method was used to collect 255 respondents by way of spreading questionnaires using Google forms through online channels such as social media. The data processing technique used is structural equation modelling utilizing the SmartPLS.3.2.9 program. The result of this study reveals that millennials in Jakarta lacks financial knowledge resulting in poor financial behavior. This research also indicates that financial knowledge no longer pioneers the creation of favourable financial behavior; but rather, it is financial socialization that plays a huge role in shaping millennials financial behavior which in turn significantly influences their financial satisfaction.
- Copyright
- © 2022 The Authors. Published by Atlantis Press International B.V.
- Open Access
- This is an open access article distributed under the CC BY-NC 4.0 license.
Cite this article
TY - CONF AU - Vivian Patricia AU - Kartika Nuringsih PY - 2022 DA - 2022/05/11 TI - The Role of Financial Behavior in Shaping the Sustainability of Financial Satisfaction Among Millennials in Jakarta BT - Proceedings of the tenth International Conference on Entrepreneurship and Business Management 2021 (ICEBM 2021) PB - Atlantis Press SP - 412 EP - 418 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.220501.062 DO - 10.2991/aebmr.k.220501.062 ID - Patricia2022 ER -