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Journal : Operations Research: International Conference Series

Generational Analysis of Financial Decision- Making Among Gen-X, Gen-Y, and Gen-Z Sudaryo, Yoyo; Suryaningprang, Andre; Sumawidjaja, Riyandi Nur; Febriyanti, Diah; Zulfiqar, Mochammad
Operations Research: International Conference Series Vol. 6 No. 3 (2025): Operations Research: International Conference Series (ORICS) September 2025
Publisher : Indonesian Operations Research Association (IORA)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47194/orics.v6i3.397

Abstract

This study aims to examine the influence of demographic factors on the financial decision-making behavior of three generational cohorts Gen-X, Gen-Y, and Gen-Z in urban Indonesia, focusing on Jakarta, Bandung, and Surabaya. Using a quantitative approach, data were collected through an online survey with 381 respondents and analyzed using ANCOVA and Kruskal- Wallis tests. The findings reveal that income significantly impacts financial decision-making, with higher-income individuals making more informed choices. Women and Gen-Y demonstrate stronger saving discipline and cost-optimization strategies, while city- specific patterns highlight differences in financial behaviors, such as timely payments and discount awareness. Gender and occupation show no significant overall effects, though some variations exist in specific behaviors. These results provide theoretical insights into behavioral accounting, particularly in understanding the role of income and demographic contexts in shaping financial behaviors. Practically, the study informs financial advisors and policymakers to design tailored education and advisory programs for different demographic groups. The study offers a novel contribution by utilizing ribbon chart visualizations to uncover intergenerational and intercity financial behavior patterns in Indonesia.
Co-Authors Abdul Aziz Mubarok, Dadan Abdul Aziz, Dadan Adhima, Rio Fauzan Akbar, Ridho Riadi Andrey Satwika Yogaswara Aprilliani, Pritta Arie Hendra Saputro Auliya, Nisa Ayatika, Arini Chaidir, Moehammad Ilham Dadan Abdul Aziz Dadan Abdul Aziz Dadan Abdul Aziz Mubarok Dadan Abdul Aziz Mubarok Dayona Ismail, Gurawan Dayona, Gurawan Detya Wiryany Disman Disman Ellen Rusliati Erna Herlinawati Fajar, Moh. Wisnu Fanji Wijaya Fany Oktaviani Febriyanti, Diah Fitri Julianti Gunawan, Wulandari Gurawan Dayona Ismail Gurawan Dayona Ismail Hamdani, Deni Herlina*, Listri Herlinawati , Erna Icha Sandrina, Icha Sandrina Ida Farida Oesman Ihwan Nudin, Mohammad Rizky Indah, Dewi Yuliati Ismail, Gurawan Dayona Jaja Suteja Kaniasari Wulan Dewi Khoirunnisa, Asyifa Lella N Q Irwan Listri Herlina Listri Herlina Manasye Arveni Sinamo Maulani, Magfira Gifani Meilani, Haifa Syafira Muhamad Raji, Padil Mukti Ali, Mochammad Muldiani, Nadia Mulyaningrum Mulyaningrum MULYANINGRUM SUDIBYO Muttaqin, Ridlwan Nuradina, Kartika Nurillah, Dewi Fitriani Nurshifa Putri Irawan Permana, Ari Putri, Salma Sofyanti R. Rheina Amalina Iskandar Rahmawati, Lira Ramadhan, Rio Ari Ramdan, Ahmad Taufiq Maulana Rasti Ristiya Ratih Hurriyati Recky, Recky Ridma Meltareza Ridwan Ridwan Rika Rahmawati Ristiya, Rasti Riyandi Nur Sumawidjaja Riyandi Nur Sumawidjaja Rizkyanti, Mira Sayyidinaa Zahra Ridha Pramitha Siddiq, Andhika Mochamad Siti Nur Asyifa, Alma Sonia Chandra Utami Suci Fauziah Lestari Sudaryo , Yoyo Sufyani, Mujibah Achyar Suhendra Suhendra Sumawidjaya, Riyandi Nur Supiyadi , Dedi Supiyadi, Dedi Suryatna, Tri Tawaqal, Rizki Surya Wanda, Syalwa Nazhifah Aulya Wentri Merdiani Wini Fetia Wardhiani Wulandari Gunawan Yoyo Sudaryo Zamzam, Rizqi Darmawan Zulfiqar, Mochammad