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The relationship between demographic factors towards financial literacy and financial inclusion among financially educated student in Institut Teknologi Bandung
Febriana R.N.a, Damayanti S.M.a
a Institut Teknologi Bandung, School of Business and Management, Bandung, Indonesia
[vc_row][vc_column][vc_row_inner][vc_column_inner][vc_separator css=”.vc_custom_1624529070653{padding-top: 30px !important;padding-bottom: 30px !important;}”][/vc_column_inner][/vc_row_inner][vc_row_inner layout=”boxed”][vc_column_inner width=”3/4″ css=”.vc_custom_1624695412187{border-right-width: 1px !important;border-right-color: #dddddd !important;border-right-style: solid !important;border-radius: 1px !important;}”][vc_empty_space][megatron_heading title=”Abstract” size=”size-sm” text_align=”text-left”][vc_column_text]© 2017 American Scientific Publishers. All rights reserved.The global financial crisis provoked countries to individuals to be more aware of the financial knowledge. Many improvements have taken place in Indonesia following the financial crisis. However, as the economic getting stronger, Indonesia now is facing the emerging challenge known as ASEAN Economic Community Era. As AEC offers many great opportunities, it also demands people to be more competitive, financially literate, and encourage financial inclusiveness. Being aware of this situation, the aim this research was to analyze student, particularly in Institut Teknologi Bandung, financial literacy and inclusion level and its determinant. This study found out that although the student have already got financial-related course, their advanced financial literacy is still low; while, basic financial literacy is now in the low-to-medium level. Furthermore, using multi linear regression, the research found out that age and education are two important for financial literacy, while to be financially inclusive, the determinants are age, education and head of family’ occupation. This is a unique finding to help government and academic institution create strategies to increase student financial literacy and inclusion. In the end, the author also provides the study with feasible recommendations which is to develop a practical-based course, encouraging financial education as a mandatory course across all major to be taught as early as possible, and recommending further research to expand the respondent and investigated other factors than demographic.[/vc_column_text][vc_empty_space][vc_separator css=”.vc_custom_1624528584150{padding-top: 25px !important;padding-bottom: 25px !important;}”][vc_empty_space][megatron_heading title=”Author keywords” size=”size-sm” text_align=”text-left”][vc_column_text][/vc_column_text][vc_empty_space][vc_separator css=”.vc_custom_1624528584150{padding-top: 25px !important;padding-bottom: 25px !important;}”][vc_empty_space][megatron_heading title=”Indexed keywords” size=”size-sm” text_align=”text-left”][vc_column_text]Financial education,Financial inclusion,Financial literacy,Indonesia student[/vc_column_text][vc_empty_space][vc_separator css=”.vc_custom_1624528584150{padding-top: 25px !important;padding-bottom: 25px !important;}”][vc_empty_space][megatron_heading title=”Funding details” size=”size-sm” text_align=”text-left”][vc_column_text]To analyze the relationship between financial literacy/inclusion and demographic factors the author examined the research using multilinear regression by SPSS program. For this research, the multilinear regression models for financial literacy is as follow:[/vc_column_text][vc_empty_space][vc_separator css=”.vc_custom_1624528584150{padding-top: 25px !important;padding-bottom: 25px !important;}”][vc_empty_space][megatron_heading title=”DOI” size=”size-sm” text_align=”text-left”][vc_column_text]https://doi.org/10.1166/asl.2017.9330[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/4″][vc_column_text]Widget Plumx[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row][vc_column][vc_separator css=”.vc_custom_1624528584150{padding-top: 25px !important;padding-bottom: 25px !important;}”][/vc_column][/vc_row]