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Journal : International Journal of Emerging Research and Review

The Influence of Social, Wellbeing and Financial Literacy on the Financial Burdens of the Sandwich Generation in Indonesia Rachmawati, Lucky; Cahyono, Hendry; Hanifa, Nurul; Arisetyawan, Kukuh; Azhar, Nur Azirah Zahida Mohamad; Shakil, Nurul Syifaa Mohd; Rabbani, Muhammad Arkan
International Journal of Emerging Research and Review Vol. 2 No. 2 (2024): June
Publisher : IKIP Widya Darma Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56707/ijoerar.v2i2.72

Abstract

Objective: In Indonesia, there are still many adults who generally still pay attention to and support their parents in addition to having to meet their children's needs. This is possibly because the community still maintains eastern customs. This study aims to: 1. Provide an overview of financial, social and welfare burdens financial literacy of the sandwich generation in Indonesia, 2. Knowing social influence, welfare and financial literacy towards the financial burden of the sandwich generation in Indonesia, 3. Develop recommendations looking at the problem conditions faced by the sandwich generation in Indonesia. Method: This study is a type of quantitative research using multiple linear regression analysis. Results: Household Decision Making and Self-treatment have a positive influence on the financial burden of the sandwich generation. Risk and Time Preferences have a negative influence on the financial burden of the sandwich generation. Ethnicity and Child Health Care do not significantly influence the financial burden of the sandwich generation. The Self Treatment has the largest influence compared to other variables. Novelty: This study makes a positive contribution for our understanding of the lives of the traditional sandwich generation in Indonesia. Ethnicity does not significantly influence the financial burden of the sandwich generation, this finding does not support research by Noor & Isa (2020), Do et al. (2014), and Marts (2013). Likewise, the Children's health care variable does not significantly affect the financial burden of the sandwich generation, these findings do not support research by Parker and Patten (2013).
Co-Authors Adha, M. Radiva Admi Nazra Alataf, Azahrah Aprila Alfiany, Noverina Ardiyansah, Ari Arisetyawan, Kukuh Awary, Nadiah Azhar, Nur Azirah Zahida Mohamad Cynthia, Dian Ayu Dhiarama, Rayhan Aflah Dhuha, Nur Adh Ernidawati, Ernidawati Eviana Hutabarat, Ruth Fakhruddin Fakhruddin Faradilla, Silvia Faris, Moh. Febriani, Egia Febriani, Rahmi Dwi Galuh Asri, Yohandini Adinda Gussaf, Saskia Amanda Hafiz Hidayat Hafiz Hidayat Handayani, Nurvia Hasanuddin Hasanuddin Hasjim, Alifya Farahusna Putrie Helmi, Monika Rianti Hendry Cahyono Humayroh, Dinda Idris Idris iman, Khairul Inayah, Nisywatul Kharisma, Safa Ladi Wajuba Perdini Fisabilillah LUCKY RACHMAWATI Maharani, Intan Mahendra, Rafi Atha Malayani, Bela Mawaddah, Ira Mite Nage, Gregorius Gery Muhafzan Nabibah, Emilia Titah Nasution, Indra Pernanda Putra Neni Hermita Nilasari, Aprillia Ningsih, Winda Prasetia Perdini Fisabilillah, Ladi Wajuba Pratama, Thomas Kurnia Puji Gusri Handayani PUTRI, RIZKA NOVITA Rabbani, Muhammad Arkan Rachmadi, Annas Dwi Ridho, Fadilur Risqi Noor Hidayati Putri Rosanty, Nabilah Rowena, Evin Framudita Sari, Nur Tho'atika Satria, Defni Setianingrum, Helvy Fatima Shakil, Nurul Syifaa Mohd Sihombing, Yogi Hasan Siregar, Sari Wahyuni Solekha, Sheptia Dwi Imroatus Solicha, Firda Armaatus Syafrizal Sy, Syafrizal Tobing, Natalia Wedina Tony Seno Aji TRIAVE NUZILA ZAHRI Wajuba Perdini Fisabilillah, Lady Wasil, Mohammad Wati, Almustika Wenny Restikasari Wiguna, M. Alfatah Putra Yunita, Milla Yustika, Ira Zainuddin, Ahmad Zuhairi Zelita, Nuri Zulkarnain Zulkarnain