Unraveling the Link between Financial Literacy and Financial Capability among Java's Students


Mengurai Hubungan antara Literasi Keuangan dan Kemampuan Finansial di Kalangan Pelajar di Jawa


  • (1) * Rema Rismaya Fitria            Universitas Muhammadiyah Prof. Dr. Hamka  
            Indonesia

  • (2)  Dewi Pudji Rahayu            Universitas Muhammadiyah Prof. Dr. Hamka  
            Indonesia

  • (3)  Mila Septiana            Universitas Muhammadiyah Prof. Dr. Hamka  
            Indonesia

  • (4)  Jundi Arrasid            Universitas Muhammadiyah Prof. Dr. Hamka  
            Indonesia
    (*) Corresponding Author

DOI: https://doi.org/10.21070/jbmp.v9i2.1699

Abstract

This study aims to investigate the relationship between various dimensions of financial literacy, including financial behavior, attitude, knowledge, and capability, among university students in Java. The research encompassed the entire population of university students on Java island in 2022, totaling 3.5 million, with a final sample size of 173 respondents selected using the Slovin formula. Data collection was conducted through a questionnaire survey, and multiple regression analysis was employed to assess the direct influence of financial literacy on financial capability using SPSS software version 25. The findings revealed a significant positive impact of financial behavior and attitude on the financial capability of college students. These results offer valuable insights for policymakers, highlighting the importance of comprehensive strategies in enhancing financial capability, particularly among university students, for improved financial well-being and preparedness.

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Published
2023-09-29
 
Issue
Vol 9 No 2 (2023): September
Section
Articles

Copyright (c) 2023 Rema Rismaya Fitria, Dewi Pudji Rahayu, Mila Septiana, Jundi Arrasid

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