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All Journal JCES (Journal of Character Education Society) West Science Interdisciplinary Studies Jurnal Tekstil: Jurnal Keilmuan dan Aplikasi Bidang Tekstil dan Manajemen lndustri West Science Interdisciplinary Studies Jurnal Terobosan Peduli Masyarakat (TIRAKAT)
HELVIANTO, AHMAD WIMBO
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Religion Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Engineering Environmental Science Health Professions Industrial & Manufacturing Engineering Materials Science & Nanotechnology Mechanical Engineering Social Sciences

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Journal : West Science Interdisciplinary Studies

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The Influence of Financial Literacy, Risk Tolerance, and Investment Planning on the Accumulation of Capital in Indonesian Middle Class Helvianto, Ahmad Wimbo; Madyanti, Aniza Nur
West Science Interdisciplinary Studies Vol. 2 No. 12 (2024): West Science Interdisciplinary Studies
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsis.v2i12.1539

Abstract

This research examines the influence of financial literacy, risk tolerance, and investment planning on capital accumulation in middle-class households in Indonesia. Using a quantitative research design, data from 130 respondents were collected through a structured questionnaire and analyzed using Structural Equation Modeling-Partial Least Squares (SEM-PLS 3). The results show that financial literacy, risk tolerance, and investment planning significantly contribute to wealth accumulation. Besides, risk tolerance partially mediates the effects of financial literacy, wealth accumulation, investment planning, and wealth accumulation. These findings underlined the importance of financial knowledge, strategic planning, and balanced risk-taking in the formation of financial well-being. The findings carry an important message for policymakers, financial institutions, and households in the design of relevant financial education programs and specific investment strategies.
Co-Authors Kurniawati, Renny Madyanti, Aniza Nur Maulana, Jagat Dewa Nazar, Yunus Nurazizah, Verawati Prasaja, Disma Rinandita Wikansari Wijayono, Andrian