The Influence of Financial Literacy, Financial Awareness, And Income On Financial Well-Being With Financial Behavior And Financial Inclusion As Intervening Variables (A Case Study On Families In Surabaya)
Journal Title: Journal of Economics, Finance and Management Studies - Year 2023, Vol 6, Issue 01
Abstract
As a result of the Covid-19 pandemic, the Indonesian economy has been severely affected. Surabaya city's economy contracted by -4.85% in 2020 and by 2021 it grew to 4.29%. Surabaya's poverty rate in 2021 is 5.23%, or 152,489, an increase of just 5.02% from 2020. As a result, household consumption, the mainstay of the economy, slowed significantly, impacting various performance sectors. Fiscal welfare is important for governments to accelerate economic recovery. The purpose of this study is to analyze the impact of financial management on financial literacy, financial awareness, income, financial behavior, and financial inclusion of Surabaya families. This study used a quantitative method with a simple random sampling method. This study uses primary data through the distribution of questionnaires. The data analysis used in this study is partial least squares (PLS). The results of this study show that financial literacy has a significant and positive effect on financial behavior, financial literacy has a significant and positive effect on financial inclusion, financial literacy has no significant effect on financial well-being, and financial perceptions has no significant effect on financial well-being. Financial behavior, Financial perceptions have a significant positive impact on financial inclusion, Financial perceptions have no significant impact on financial well-being, Income has a significant positive impact on financial behavior, Income has a significant positive impact on financial inclusion Affects positively, income does not have a significant impact on financial well-being. In addition, financial activity brings income from financial well-being. Financial behavior, on the other hand, cannot mediate the impact of financial literacy and financial awareness on financial well-being. Also, financial inclusion cannot communicate the impact of financial literacy, financial awareness, or income on financial well-being.
Authors and Affiliations
Syanindita Prameswari, Mulyanto Nugroho, Ulfi Pristiana
Keywords
Related Articles
- EP ID EP726729
- DOI 10.47191/jefms/v6-i1-55
- Views 44
- Downloads 0
Internationalization and Firm Performance –Case of Manufacturing Firms in Argentina
The main objective of the study is to investigate the relationship between the degree of internationalization and the performance of businesses in the manufacturing sector in Argentina. Using a panel data collected by th...
Portrait Of Financial Management Of Bumdesa Cempaka Telaga Biru Village, Tanjung Bumi District, Bangkalan Regency
This research aims to reveal an overview of the financial management of BUMDesa both in terms of recording and reporting as well as the accountability carried out by the manager of BUMDesa Cempaka Telaga Biru Village, Ta...
The Effect of Compensation and Work Environment on Employee Performance through Work Motivation at PT. PLN (Persero) Bululawang
This study aims to describe compensation, work environment, motivation and employee performance, analyze compensation and work environment on motivation, analyze compensation and work environment on employee performance,...
Effect of Economic Growth, Industrialization, Population Growth, and Renewable Energy on CO2 Emissions in the Long and Short Term in ASEAN 5
This study aims to see the dynamic pattern of the relationship between CO2 emissions and economic growth, industrialization, population growth, and renewable energy in the long and short term in ASEAN 5 countries, namely...
The Economic Value of Capture Fisheries Service from Coral Reef Ecosystem on Kelapa Dua Island
Coral reefs are critical ecosystems for coastal and marine biota interaction. The coral reef ecosystem on Kelapa Dua, Seribu Islands, is in poor condition with a low live coral cover. This condition decreases fishery pro...