Luh Gede Pande Sri Eka Jayanti
Universitas Warmadewa

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The Role of Education in Moderating the Influence of Financial Literacy and Income on the Financial Management of Millennial Employees in Denpasar Ketut Sudarmini; Ni Ketut Sariani; Luh Gede Pande Sri Eka Jayanti
Asian Journal of Management Analytics Vol. 5 No. 4 (2026): October 2026
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ajma.v5i4.17322

Abstract

This study aims to examine the influence of financial literacy and income on the financial management of millennial employees in Denpasar City and test the role of education as a moderation variable. The study uses a quantitative approach with a survey method of 65 millennial employees selected using accidental sampling techniques. Data was analyzed using Structural Equation Modeling-Partial Least Squares (SEM-PLS) with the help of SmartPLS. The results of the study show that financial literacy has a positive and significant effect on financial management. On the other hand, income does not have a significant effect on financial management. In addition, education has not been proven to moderate the relationship between financial literacy and income on financial management.