Financial Literacy, Financial Attitude, and Household Financial Behavior

Jihan Zakiyah Permana; Lutfi Lutfi

doi:10.30588/jmp.v12i1.1094

Authors

Jihan Zakiyah Permana Universitas Hayam Wuruk Perbanas, Surabaya, East Java
Lutfi Lutfi Manajemen, Universitas Hayam Wuruk Perbanas, Surabaya, East Java http://orcid.org/0000-0002-4683-5172

DOI:

https://doi.org/10.30588/jmp.v12i1.1094

Keywords:

Financial attitude, Financial experience, Financial literacy, Household financial behavior, Income

Abstract

Household financial behavior is a crucial topic to study because it determines the family's economic well-being. This study examines the effect of financial literacy, financial attitudes, financial experience, and income on household financial behavior. The object of this research is the family finance manager in Sidoarjo City, East Java. The data collection technique is using an online survey. Sample selection was done by using the purposive sampling technique. The sample of this research is 153 financial managers. The data analysis technique used the Partial Least Square Structural Equation Model (PLS_SEM). The results indicate that financial literacy and attitudes positively affect household financial behavior, while financial experience and income have no significant effect. This finding implies that financial policymakers should increase public financial literacy and attitude toward managing family finances.

Author Biographies

Jihan Zakiyah Permana, Universitas Hayam Wuruk Perbanas, Surabaya, East Java

Management Department

Lutfi Lutfi, Manajemen, Universitas Hayam Wuruk Perbanas, Surabaya, East Java

Associate Professor in Finance and Banking at the Faculty of Economics and Business, Universitas Hayam Wuruk Perbanas, Surabaya, East Java, Indonesia

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