Proceedings of the 1st Paris Van Java International Seminar on Health, Economics, Social Science and Humanities (PVJ-ISHESSH 2020)

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The Influence of Financial Literacy Towards Financial Management and Its Impact on Family Welfare

Authors
F Komalasari, R J Cindi
Corresponding Author
F Komalasari
Available Online 8 March 2021.
DOI
10.2991/assehr.k.210304.157How to use a DOI?
Keywords
Financial Literacy, Towards, Management, Impact
Abstract

Based on survey from Indonesian Financial Services Authority, the number of people considered well literate of financial literacy in Indonesia is 21.84%. Further data showed that financial literacy rate of housewives in Indonesia is 2.13%. This bring concerns considered that in managing the family money, housewives played significant role that will affect the family condition. This research is created using quantitative method to further study how financial literacy influences financial management of housewives and family welfare; and how financial management of housewives influences family welfare. The population were housewive of Islamic Community in Jakarta, ages between 18 – 60 years old. There were 200 respondents, selected by using purposive sampling. Data are gathered by using questionnaire which consists of 19 closed-ended statements, with 1-7 Likert scale. Structural Equation Modeling (SEM) is used to analyze each variable’s relationship. The final result found that financial literacy has significant influence toward financial management and family welfare, and financial management has significant influence on family welfare.

Copyright
© 2021, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 1st Paris Van Java International Seminar on Health, Economics, Social Science and Humanities (PVJ-ISHESSH 2020)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
8 March 2021
ISBN
978-94-6239-349-3
ISSN
2352-5398
DOI
10.2991/assehr.k.210304.157How to use a DOI?
Copyright
© 2021, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

risenwbib
TY  - CONF
AU  - F Komalasari
AU  - R J Cindi
PY  - 2021
DA  - 2021/03/08
TI  - The Influence of Financial Literacy Towards Financial Management and Its Impact on Family Welfare
BT  - Proceedings of the 1st Paris Van Java International Seminar on Health, Economics, Social Science and Humanities (PVJ-ISHESSH 2020)
PB  - Atlantis Press
SP  - 694
EP  - 698
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.210304.157
DO  - 10.2991/assehr.k.210304.157
ID  - Komalasari2021
ER  -