Jurnal Ekonomi
Vol. 12 No. 02 (2023): Jurnal Ekonomi, Perode April - Juni 2023

THE EFFECT OF MATERIALISM AND FRUGALITY ON OVER-INDEBTEDNESS. THE MODERATING ROLE OF FINANCIAL LITERACY

Maria Maria (State Polytechnic of Kupang)

Article Info

Publish Date
26 Apr 2023

Abstract

The present study’ objective was to inspect the impact of materialism and frugality toward over-indebtedness as moderated by financial literacy. Data were gained from employees in a major city in Indonesia. Through a quantitative approach, a Structural Equation Modelling analysis was conducted to draw conclusions. The results suggest that financial literacy moderated the relationship between materialism and over-indebtedness, as well as the link between frugality and over-indebtedness. The practical benefits obtained can be used by managers in general to improve employee welfare by avoiding over-indebtedness.

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Journal Info
Jurnal Ekonomi
Website

Abbrev

Ekonomi

Publisher

SEAN INSTITUTE

Subject

Economics, Econometrics & Finance

Description

Jurnal Ekonomi [p. ISSN 2301-6280, e. ISSN 2721-9879] is a peer-reviewed journal published Half times a year (June, and December) by SEAN Institute. Jurnal Ekonomi is intended to be the journal for publishing articles reporting the results of economics research. Jurnal Ekonomi invites manuscripts ...