The Influence of Financial Literacy on Debt Management Behavior (Study on Millennial Generation in Bandung)

Faishal Dzaky Affianto () and Maya Sari
Additional contact information
Faishal Dzaky Affianto: Universitas Pendidikan Indonesia
Maya Sari: Universitas Pendidikan Indonesia

A chapter in Proceedings of the 9th Global Conference on Business, Management and Entrepreneurship (GCBME 2024), 2025, pp 263-271 from Springer

Abstract: Abstract Everyone has needs and desires that must be met to achieve life goals, requiring effort to fulfill them for satisfaction and well-being. The “sandwich generation” is a term that refers to individuals facing financial challenges, particularly financial instability, due to the burden of supporting both older and younger generations. This generation often experiences financial strain from double spending, leading to reliance on debt. The sandwich generation consists largely of millennials, known for their high consumer lifestyle and frequent dependence on debt to satisfy their wants. Financial literacy plays a key role in supporting sound financial planning and management, helping to maintain financial stability and reduce the risk of excessive debt. This research uses a descriptive and verification approach to explore financial literacy’s impact on debt management behavior. A quantitative method was employed, with questionnaires distributed to 270 millennial respondents in Bandung. Simple linear regression analysis showed that financial literacy positively influences debt management behavior, meaning that higher financial literacy correlates with improved debt management behavior.

Keywords: Debt Management Behavior; Financial Literacy; Millennial Generation; Sandwich Generation (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-817-2_33

Ordering information: This item can be ordered from
http://www.springer.com/9789464638172

DOI: 10.2991/978-94-6463-817-2_33

Access Statistics for this chapter

More chapters in Advances in Economics, Business and Management Research from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().