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Determining Emergency Fund Ownership among the Millennial during the Era of Industry 4.0

Linawati, Nanik and Jie, Lilyanni (2021) Determining Emergency Fund Ownership among the Millennial during the Era of Industry 4.0. In: The 2nd International Conference on Social Sciences and Humanities, 30-07-2021 - 30-07-2021, Surabaya - Indonesia.

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      Abstract

      This study is examining the influence of demographic factors and financial literacy on emergency fund ownership among the Indonesian millennials in the era of the industry 4.0. An emergency fund is needed in order to be able to survive in an emergency situation, so that normal life can resume. Since this is a quantitative research, the data were collected by using questionnaires from the millennial population. For this study, the number of sample was 401 Indonesian respondents. The data analysis technique was the binary logistic regression. The results showed that demographic factors and financial literacy have significant influences on emergency fund ownership among the Indonesian millennials during the industrial 4.0 era. Age has a significant influence on the ownership of emergency funds. The more mature the millennial, the more they will tend to try to have an emergency fund. Education has a significant influence on the ownership of emergency funds. The higher in education the millennial, the greater the opportunity to have an emergency fund. Income has a significant influence on the ownership of emergency funds. The greater a persons income, the tendency to allocate emergency funds will be greater.

      Item Type: Conference or Workshop Item (Paper)
      Uncontrolled Keywords: emergency fund, demographic factors, financial literacy
      Subjects: H Social Sciences > HG Finance
      Divisions: Faculty of Economic > Finance Management Program
      Depositing User: Admin
      Date Deposited: 25 Aug 2021 04:36
      Last Modified: 28 Aug 2021 01:19
      URI: https://repository.petra.ac.id/id/eprint/19432

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