Factors Analysis of Individual Childhood Affect Financial Literacy Employee’s in Palembang

Marieska Lupikawaty, Yusleli Herawati, Purwati, Elisa

2018

Abstract

This study aims to determine the factors that affect the individual childhood on an individual's ability to manage money today, who are already working and have income. Problems arise because there is still low level financial literacy of individual to manage money and still not good financial behavior of individuals. Respondents are individuals aged fifteen years aboved who worked in Palembang in formal sector with total sample of 348 people. The results of multiple linear regression showed individual education quality factors have the greatest influence on the level of individual financial literacy, while the smallest of factors influence the educational background of parents to the level of an individual's ability to manage money. The results of this study can be interpreted that the educational background of parents do not give a great influence on financial literacy. The greater influence were factor individual education quality and factor of teaching parents at home. Suggestions for respondents as individuals who have a good level of education, already working and may be have children at home, should provide teaching manage money to their children in order to produce the next generation being smarter. The results of this study give little different results from several previous studies in which the majority factors that affect individual financial literacy from a family background, while result of this research gives statement that the greater influence to individual financial literacy were education quality factor from employee and teaching parents in childhood.

Paper Citation

in Harvard Style

Lupikawaty M., Herawati Y., Purwati. and Elisa. (2018). Factors Analysis of Individual Childhood Affect Financial Literacy Employee’s in Palembang. In Proceedings of the 2nd Forum in Research, Science, and Technology - FIRST, ISBN 978-989-758-574-6, pages 37-42. DOI: 10.5220/0009152100002500

in Bibtex Style

@conference{first18,
author={Marieska Lupikawaty and Yusleli Herawati and Purwati and Elisa},
title={Factors Analysis of Individual Childhood Affect Financial Literacy Employee’s in Palembang},
booktitle={Proceedings of the 2nd Forum in Research, Science, and Technology - FIRST,},
year={2018},
pages={37-42},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0009152100002500},
isbn={978-989-758-574-6},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 2nd Forum in Research, Science, and Technology - FIRST,
TI - Factors Analysis of Individual Childhood Affect Financial Literacy Employee’s in Palembang
SN - 978-989-758-574-6
AU - Lupikawaty M.
AU - Herawati Y.
AU - Purwati.
AU - Elisa.
PY - 2018
SP - 37
EP - 42
DO - 10.5220/0009152100002500