Financial Fragility dan Financial Well-Being Terhadap Perilaku Keuangan Generasi Z Dimoderasi Oleh Financial Literacy di Kota Makassar

Nadia Alfi Rahmah (Program Studi Manajemen Universitas Islam Negeri Alauddin Makassar)
Rusnawati Rusnawati (Program Studi Manajemen Universitas Islam Negeri Alauddin Makassar)
Wahidah Abdullah (Program Studi Manajemen Universitas Islam Negeri Alauddin Makassar)

Jurnal Akuntansi, Ekonomi dan Manajemen Bisnis
Vol. 6 No. 2 (2026): Juli : Jurnal Akuntansi, Ekonomi dan Manajemen Bisnis

Financial behavior of Generation Z in Indonesia faces challenges due to low financial literacy (65.43%) despite high financial inclusion (75.02%), driven by fintech dependency and impulsive consumption. This study aims to examine the influence of financial fragility and financial well-being on Generation Z's financial behavior in Makassar, moderated by financial literacy. Employing quantitative associative approach with SEM-PLS on 180 Generation Z respondents (purposive sampling), primary data were analyzed using SmartPLS 4.1.1.0 through validity-reliability tests and bootstrapping. Results reveal financial fragility (t=0.799, p=0.424) and financial well-being (t=1.260, p=0.208) have no significant direct effect on financial behavior (R²=67%). However, financial literacy significantly moderates both relationships (FLFF: t=2.406, p=0.016; FLFW: t=2.570, p=0.010). The study concludes that financial literacy serves as crucial buffer shaping resilient financial behavior among Generation Z vulnerable to digital trends.