Financial Literacy, Financial Planning, Financial Management: An Analysis of Intergenerational Behavior in Gen-X, Gen-Y and Gen-Z

Adhitya Rechandy Christian; Sukardi; Utik Bidayati

doi:10.56741/jmsd.v4i02.969

Authors

Adhitya Rechandy Christian
adhitya.santoso@mgm.uad.ac.id
Universitas Ahmad Dahlan
Sukardi Universitas Ahmad Dahlan
Utik Bidayati Universitas Ahmad Dahlan

DOI:

https://doi.org/10.56741/jmsd.v4i02.969

Keywords:

Financial Behavior, Financial Literacy, Financial Management, Financial Planning, Inter-generation

Abstract

This study investigates intergenerational differences in financial literacy, financial planning, and financial management among residents of Yogyakarta. The research sample comprised individuals from Gen-X, Gen-Y, and Gen-Z, with 60 respondents representing each generational cohort. A simple random sampling technique was employed, and the Kruskal-Wallis test was utilized to analyze the data. The findings reveal no statistically significant differences in financial literacy and financial planning across the three generations. However, significant generational differences were identified in financial management practices. Notably, Gen-Z demonstrated superior financial management behavior compared to both Gen-X and Gen-Y.

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Author Biographies

Adhitya Rechandy Christian, Universitas Ahmad Dahlan

is a dedicated lecturer at Universitas Ahmad Dahlan, Indonesia, specializing in financial management, particularly in financial behavior and financial planning. He possesses a strong academic background and extensive teaching experience in areas such as financial management, corporate budgeting, and risk management. He has authored textbooks and scholarly publications that significantly contribute to the field of financial management. He is also actively involved in national and international collaborative research initiatives. (email: adhitya.santoso@mgm.uad.ac.id).

Sukardi, Universitas Ahmad Dahlan

is a lecturer at Universitas Ahmad Dahlan, Indonesia, with a specialization in marketing management. He has a robust academic foundation and considerable teaching experience in subjects including marketing management, entrepreneurship, and business practices. His scholarly work contributes significantly to the advancement of marketing management. He actively engages in collaborative research projects at both the national and international levels. (email: sukardi@mgm.uad.ac.id).

Utik Bidayati, Universitas Ahmad Dahlan

is a lecturer at Universitas Ahmad Dahlan, Indonesia, focusing on human resource management. She holds a solid academic background and rich teaching experience in areas such as human resource management, leadership, and strategic management. Her scholarly contributions have made a substantial impact in the field of human resource management, and she remains actively engaged in collaborative research activities both nationally and internationally. (email: utik.bidayati@mgm.uad.ac.id).

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