Proceedings of the 6th Open Society Conference (OSC 2024)

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Financial Literacy of Indonesian Society as an Effort to Face the Online Gambling Crisis

Authors
Haria Saputry Wahyuni1, *, Gustiana Sabarina2, Muhammad Al Assad Rohimakumullah3, Alwan Husni Ramdani4, Zayin Abdul Quddus2, Rahmat Alifin Valentino5
1Widyatama University, Bandung, Indonesia
2UPN Veteran Jakarta, Jakarta, Indonesia
3Telkom University, Bandung, Indonesia
4Indonesian University of Education, Bandung, Indonesia
5Bengkulu University, Bengkulu, Indonesia
*Corresponding author. Email: Haria.saputry@widyatama.ac.id
Corresponding Author
Haria Saputry Wahyuni
Available Online 25 December 2024.
DOI
10.2991/978-2-38476-340-5_9How to use a DOI?
Keywords
Online gambling; Financial crisis; Financial literacy
Abstract

Online gambling will become a national crisis in 2023 which will harm Indonesia in the economic sector. The implications of the online gambling crisis begin with people's behavior in managing problematic finances, which has an impact on the economy and society. Therefore, there is a need for financial literacy to resolve this national and individual crisis. The aim of this research is to determine the role of financial literacy in overcoming the online gambling crisis. The research uses qualitative methods with a literature study approach. The research results show that the financial literacy of the Indonesian people is still lacking. Data obtained in 2023 total online gambling transactions amounted to IDR 200 trillion, with IDR 27 trillion contained in transactions from one online gambling account each year or IDR 2.2 trillion each month. Online gamblers using various methods to obtain capital, from using savings to committing crimes such as embezzlement or robbery. Knowledge of financial literacy will help people manage their finances well and of course will minimize other potential crises in the future. The conclusion of this research is that financial literacy is a capital of knowledge for the community in an effort to anticipate experiencing a financial crisis and avoid online gambling.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 6th Open Society Conference (OSC 2024)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
25 December 2024
ISBN
978-2-38476-340-5
ISSN
2352-5398
DOI
10.2991/978-2-38476-340-5_9How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Haria Saputry Wahyuni
AU  - Gustiana Sabarina
AU  - Muhammad Al Assad Rohimakumullah
AU  - Alwan Husni Ramdani
AU  - Zayin Abdul Quddus
AU  - Rahmat Alifin Valentino
PY  - 2024
DA  - 2024/12/25
TI  - Financial Literacy of Indonesian Society as an Effort to Face the Online Gambling Crisis
BT  - Proceedings of the 6th Open Society Conference (OSC 2024)
PB  - Atlantis Press
SP  - 100
EP  - 108
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-340-5_9
DO  - 10.2991/978-2-38476-340-5_9
ID  - Wahyuni2024
ER  -