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Journal : Jurnal Eduscience (JES)

FINANCIAL SOCIALIZATION AMONG GENERATION Z: HOW CHILDREN OF MILLENNIAL PARENTS INTERNALIZE MONEY VALUES Hidayat, Taufiq; Wahjoedi, Wahjoedi; Wahyono, Hari; Utomo, Sugeng Hadi
JURNAL EDUSCIENCE Vol 13, No 1 (2026): Jurnal Eduscience (JES), (Authors from Australia, Taiwan, and Indonesia)
Publisher : Universitas Labuhanbatu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36987/jes.v13i1.8403

Abstract

Purpose – This study aims to explore how Generation Z in East Java interprets and internalises financial values transmitted by millennial parents amid the dominance of digital technology and social media. Specifically, it examines how family financial teachings are renegotiated in the context of digital algorithms, peers, and contemporary consumer culture.Methodology – A qualitative phenomenological approach was employed to explore Gen Z's lived experiences of financial socialization. Data were gathered through semi-structured interviews with 25 Gen Z individuals and several millennial parents. Interpretative Phenomenological Analysis (IPA) was used to generate themes and interpret meaning-making processes across cases.Findings – Four primary themes were discerned: (1) parental modeling, wherein daily financial routines cultivated prudence and budgeting skills; (2) financial conversations, characterized by dialogic negotiation that promoted reasoning and deferred gratification; (3) digital finance negotiation, where participants integrated parental norms with fintech practices, resulting in hybrid financial values; and (4) identity and social comparison, illustrating the tensions between familial values and social media-induced lifestyle pressures.Contribution – Financial value internalization among Indonesian Gen Z is both intergenerational and sociotechnical. The findings point out the need for financial education that integrates digital literacy, awareness of algorithmic influence, and strategies to manage social comparison pressures.
Co-Authors Agung Haryono Agus Wijaya, I Made Ahmad, Afrizal Alanurdin Alrizal Setiawan, Riko Annisya, Annisya Ardinata, I Ketut Rai Ariyanto, Arief Subakti Astriana, Yurika Brilyan Ayuninggar, Imaniar Lintang Baehaqi Bagus Firmansyah, Bagus Bodja Suwanto, Bodja Buana, Lalu Yahya Surya Budi Eko Soetjipto Caly Setiawan Cristian Polamolo Devilito, Rio Dlis, Firmansyah Doni, I Made Fajar Prastiwi, Lustiana Farida Styaningrum Fuat’dah, Devit Anisatul Gusril, Gusril Habib, Supriadi M. Hi Hadi Sumarsono Hanafi, Rahma Hapzi Ali Haqiyah, Aridhotul Hari Wahyono Hartono Hartono Heri Pratikto Herman Afrian I Gusti , Lanang Agung Parwata I Ketut Iwan Swadesi I Made Satyawan Ida Bagus Gede, Jaya Mahotama Imam Mukhlis Inayati Nuraini Dwiputri Indrawan, Addy Putra irfan, komang Jamal Mahbub Junaidi Junaidi Karisdha Pradityana Kusdiyono, Kusdiyono Lestari, Nor Puji Lestari, Wiji Indah M. E. Winarno M.Or. S.Pd. I Ketut Semarayasa . Made , Agus Wijaya Made Agus Wijaya Made Kurnia Widiastuti Giri Mahbub, Jamal Mahendra, I Komang Putra Manik, Yuni Mariani Marchus Budi Utomo Mariyati, Dwiki Mawaddah, Naili Ifrozul Mawardi Mawardi Mualim, Rahmat MUHAMMAD ABDUL GHOFUR Mulyo Wicaksono, Teguh Mulyono, Tedjo Nababan, Hendra Gunawan Nasikh Ni Luh Putu Spyanawati Ni Putu Dwi Sucita Dartini Nugrahaningtyas, Andien Nurhadi, Imam Oktaviani Adhi Suciptaningsih Parhadi Parhadi, Parhadi Praharseno, Fikri Prayoga, Dimas Puji Lestari, Nor Putra Hilmi Prayitno Qofifah, Salmaa Nur Qomarullah, Rif’iy Rio Devilito Risman Risman Ro'ufah Inayati Sachrir, Muh Irshan Sari, Vina Budiarti Mustika Sebyala Mubaraka, Sebyala Setiaji Pamungkas, Nur Setiawan, Debi Adis Setyo, Niko Andi Simanjorang, Elvrado Klemen Simbolon, Markus Dominique Siti Malikhah Towaf, Siti Malikhah Sri Andayani, Endang Sri Umi Mintarti Sudarmiatin Sugeng Hadi Utomo Sugianto, Gusti Ngurah Agus Sulistyowati, Nur Wahyuning Supardjo Supardjo Suparman Suparman Supriyadi Supriyadi Suratmin Surhayanti, Surhayanti Suroso Suroso Suroto Suroto Sutarno Sutarno Sutarno Sutarno Suwarto Suwarto Tandiyo Rahayu Tarigan, Josh Hardanta Taufik, Muhamad Syamsul Taufiq Hidayat Teopilus Alexander Tarigan, Samuel Thomas Soseco Utomo, Setio Wahyono, Herry Ludiro Wasino Wasino Wibaawa, Komang Wiguna, I Nengah Sastra Wulandari, Ratna Fitri Yahya S.B., Lalu Yohanes Hadi Soesilo Yulingga Nanda Hanief