The Influence Of Financial Literacy And Financial Self-Efficacy On Financial Management Behavior Of Generation Z In Medan City

Farida Syah Damanik, Nurwani Nurwani, Ahmad Perdana Indra

Abstract


This study aims to analyze the influence of financial literacy and financial self-efficacy on financial management behavior among Generation Z in Medan City, both partially and simultaneously. The population in this study was all Generation Z in Medan City. The study used a quantitative approach with data collection techniques through distributing questionnaires. A sample of 100 respondents was selected using an accidental sampling technique. Data analysis was carried out using multiple linear regression through stages of validity, reliability, classical assumptions, t-test, F-test, and coefficient of determination. The results showed that financial literacy and financial self-efficacy have a positive and significant effect on financial management behavior, both partially and simultaneously. These findings indicate that increasing financial literacy and an individual's self-confidence in their ability to manage finances play an important role in shaping better financial behavior in the younger generation.

Keywords


Financial Literacy, Financial Self Efficacy, Financial Management Behavior, Generation Z.

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References


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DOI: https://doi.org/10.21107/dinar.v13i1.34170

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