Research Article
The Influence of Lifestyle and Financial Literacy on Saving Behavior for Undergraduate Students in Indonesia
@INPROCEEDINGS{10.4108/eai.14-9-2020.2304486, author={Rindah F. Suryawati and Afriliany Dian Oetari}, title={The Influence of Lifestyle and Financial Literacy on Saving Behavior for Undergraduate Students in Indonesia}, proceedings={Proceedings of the 1st International Conference on Sustainable Management and Innovation, ICoSMI 2020, 14-16 September 2020, Bogor, West Java, Indonesia}, publisher={EAI}, proceedings_a={ICOSMI}, year={2021}, month={5}, keywords={financial literacy lifestyle saving behavior undergraduate students}, doi={10.4108/eai.14-9-2020.2304486} }- Rindah F. Suryawati
Afriliany Dian Oetari
Year: 2021
The Influence of Lifestyle and Financial Literacy on Saving Behavior for Undergraduate Students in Indonesia
ICOSMI
EAI
DOI: 10.4108/eai.14-9-2020.2304486
Abstract
Saving is one way to increase the country's gross domestic product through a third- party fund (DPK). In 2019, the GDP saving ratio is 30.78 percent. Undergraduate students, who are Z generation are known as "live for today". They are digital natives and their lifestyle is consequently being dynamic along the time. This study aims to analyze the influence of lifestyle and financial literacy on the saving behavior of undergraduate students in Indonesia. Questionnaires were distributed to 593 students in 34 provinces of Indonesia and were analyzed using multiple linear regression. The results of the data analysis show that lifestyle and financial literacy has significant impact on student saving behavior. The fulfilleds lifestyle, and financial attitude shows a positive attitude on saving behavior. This study provides additional evidence of the effect of lifestyle and financial literacy on saving behavior from an emerging country.
