Arvano Sahwa Riordan
Universitas Sebelas Maret, Indonesia

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Analysis of Factors of Sustainable Financial Consumerism Among Indonesian University Students Subroto Rapih; Yosep Tegar Prameswara; Hani Febriyanti; Arvano Sahwa Riordan; Az-Zahra Ayu Permata
Jurnal Pendidikan Ekonomi Dan Bisnis (JPEB) Vol. 13 No. 02 (2025): Jurnal Pendidikan Ekonomi & Bisnis (DOAJ & SINTA 2 Indexed) (In-Press)
Publisher : Faculty of Economics, Universitas Negeri Indonesia,Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21009/JPEB.013.2.7

Abstract

This study examines how financial capability and digital influence shape sustainable financial consumerism among Indonesian university students, with financial decision-making as a mediating factor. Using data from 432 undergraduate students at ten universities in Central Java and analyzed through PLS-SEM, the results show that both financial capability and exposure to influencers positively influence financial decision-making and sustainable financial behavior. Financial decision-making significantly mediates this relationship, highlighting informed judgment as a key mechanism linking knowledge and social influence to responsible finance. Theoretically, this study integrates financial capability and digital influence within the framework of sustainability in a developing economy. Practically, it emphasizes the need to strengthen decision-making competencies in financial education, implement ethical standards for influencers, and promote sustainable financial access to foster a financially capable and sustainability-oriented younger generation.