Building financial well-being through financial socialization and literacy
Zahrotul Auliya Rahmawati ORCID ↗ · Nur Khusniyah Indrawati · Siti Aisjah
International Journal of Research in Business and Social Science · 2024 · Vol. 13 / Issue 5 · 450-462
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Abstract
This study aims to analyze the impact of financial socialization on financial well-being through financial literacy as a mediating variable. Using a quantitative approach, the study involved employees of PT. Solusi Bangun Indonesia Tbk and collected data through questionnaires. The results indicate that financial socialization has a significant effect on financial literacy but does not have a direct impact on financial well-being. Financial literacy was found to have a positive and significant effect on financial well-being and plays a mediating role between financial socialization and financial well-being. These findings emphasize the importance of improving financial literacy to support better financial management and enhance individual well-being. This research provides insights for the development of more effective financial education programs to improve financial literacy and well-being among employees.
Keywords: {'name': 'Financial Socializatio'}, {'name': 'Financial Literacy'}, {'name': 'Milenial Generation'}, {'name': 'Financial Well-Being'}
Authors & affiliations
Zahrotul Auliya Rahmawati
Affiliation not supplied
Nur Khusniyah Indrawati
Affiliation not supplied
Siti Aisjah
Affiliation not supplied
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