Research Article
Financial Education to Face the New Normal Era
@INPROCEEDINGS{10.4108/eai.17-11-2021.2318643, author={A. Fauziyah and M. Nurfitriya and S. Aty Ruhayati}, title={Financial Education to Face the New Normal Era}, proceedings={Proceedings of the 3rd International Conference of Education and Science, ICES 2021, November 17-18, 2021, Jakarta, Indonesia}, publisher={EAI}, proceedings_a={ICES}, year={2022}, month={6}, keywords={financial education; financial literacy; financial behavior; covid-19; new normal era}, doi={10.4108/eai.17-11-2021.2318643} }- A. Fauziyah
M. Nurfitriya
S. Aty Ruhayati
Year: 2022
Financial Education to Face the New Normal Era
ICES
EAI
DOI: 10.4108/eai.17-11-2021.2318643
Abstract
Several countries are currently facing the third wave of covid-19 and, of course, again changing the global order, which presents economic challenges with significant impact. The research relates to the role of financial education in facing the new normal era, where every individual must be prepared with all things that can affect financial well- being. This study uses a qualitative method with a case study approach. The data collection technique used in this research is participatory observation using secondary data sources from research results, references, and online news directly related to this research. The results show that individuals and business units with financial literacy related to financial knowledge and behavior in terms of financial management can survive in an era affected by the COVID-19 pandemic. The existence of rational and responsible financial knowledge and behavior cannot be separated from the role of financial education. Financial education not only builds financial knowledge but results in better financial resilience. Therefore, financial education must play a relevant role in the post-pandemic period.