Financial Well � Being of The Millennial Generation in Samarinda

GERALDY, CRISTIANT VIERY and Evelyn, (2021) Financial Well � Being of The Millennial Generation in Samarinda. In: Second International Conference on Social Sciences and Humanities (ICSH) , 30-07-2021 - 30-07-2021, Surabaya - Indonesia.

	PDF Download (883Kb)
	PDF Download (1019Kb)

Abstract

This study aimed to examine the influence of Financial Socialization, Financial Literacy and Attitude Toward Money through Financial Well � Being. During the COVID�19 pandemic, this subject became more crucial to be studied. Restrictions on activities to prevent the transmission of coronavirus have a strong influence on societys socioeconomic elements. People are saving as a precautionary measure to face the COVID-19 epidemic. However, people are now seeing that the quantity of savings and investments has begun to decrease. Eventually, people all around the world noticed a shift in their financial well-being. Interestingly, the greatest fall in Financial Well � Being occurs among millennials, which is a productive age group. This research was conducted by distributing questionnaires to 115 millennial generation in Samarinda. The method of analysis used is Structural Equation Modeling � Partial Least Square (SEM-PLS). The results show that Financial Socialization, Financial Literacy and Attitude Toward Money have significant effect on Financial Well � Being. The results of this study provide insights for millennial generation and future studies for improving the Financial Well � Being. The result of the findings of this study will be beneficial to the millennial generation and other related parties in their efforts to focus on improving the millennial generation�s Financial Well � Being.

Actions (login required)