Impact of Fear of Missing Out, Self-Control, and Lifestyle on Personal Financial Planning of Generation Z in the Special Region of Jakarta

Ratri Kurniasari (), Sofia Rayhannisa and Fachri Aditya
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Ratri Kurniasari: Jakarta State Polytechnic, Business Administration Department
Sofia Rayhannisa: Jakarta State Polytechnic, Business Administration Department
Fachri Aditya: Jakarta State Polytechnic, Business Administration Department

A chapter in Proceedings of the 4th International Conference on Management and Business (ICoMB 2025), 2026, pp 258-266 from Springer

Abstract: Abstract This study aims to test and analyze the Fear of Missing Out (FoMO) syndrome, Self Control, and Lifestyle on Personal Financial Planning. The basic theories used in this study are Financial Behavior Theory, Self-Regulation Theory, the Life Cycle Hypothesis of Consumption Theory, and the Theory of Planned Behavior. This study uses a quantitative-associative causal approach and a non-probability/purposive sampling technique, yielding a total of 487 samples. The sample in this study consisted of Z Generation individuals in the Special Region of Jakarta (DKJ) aged 17–28 years, currently studying or working/entrepreneurial, and with a monthly income. Primary data collection was conducted via an online questionnaire (Google Form) in the Regency/City of East Jakarta, West Jakarta, South Jakarta, North Jakarta, Central Jakarta, and the Seribu Islands. The data analysis technique used was Partial Least Squares Structural Equation Modeling (PLS-SEM) with SmartPLS software version 4.1.1.2. The study found that Fear of Missing Out (FoMO) had a negative, significant effect, while Self Control and Lifestyle had positive, significant effects on Personal Financial Planning.

Keywords: Fear of Missing Out Syndrome; Lifestyle; Personal Financial Planning; Self Control; Z Generation (search for similar items in EconPapers)
Date: 2026
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DOI: 10.2991/978-94-6239-656-2_21

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