Dinamika Pendidikan
Vol 18, No 2 (2023): December 2023

Logit Modelling of Financial Behavior Among Young Adults: Evidence and Implications

Aeni, Ida Nur (Unknown)
Fithria, Annisa (Unknown)
Widiatami, Anna Kania (Unknown)



Article Info

Publish Date
30 Dec 2023

Abstract

This study aims to comprehensively uncover antecedents of the financial behavior of young adults in Indonesia. The financial behavior used in this study involved high-cost borrowing, emergency savings, and planning for retirement. Young adult has an opportunity to use financial products. Data have been collected from 86 young adults. Binary logistic regression has been applied to analyze the data through SPSS 23. The financial behavior of young adults depends upon objective and subjective financial literacy, self-control, and demographic variables such as marital status and a number of children. This study pays attention to young adults, bank, and non-bank financial institutions, and policymakers related to strategies for increased financial inclusion. The present paper attempts to comprehensively uncover the variables that help in cumulatively predicting the financial behavior of young adult.

Copyrights © 2023






Journal Info

Abbrev

DP

Publisher

Subject

Education

Description

Dinamika Pendidikan (p-ISSN 1907-3720, e-ISSN 2502-5074) is a scientific periodical published by the Department of Economics Education, Faculty of Economics, Universitas Negeri Semarang collaborate with Asosiasi Profesi Pendidik Ekonomi Indonesia (ASPROPENDO), Asosiasi Profesi Pendidikan Akuntansi ...