Building financial well-being through financial socialization and literacy

A study of millennial employees at PT. Solusi Bangun Indonesia Tbk

Authors

  • Zahrotul Auliya Rahmawati Universitas Brawijaya https://orcid.org/0009-0004-4408-4944
  • Nur Khusniyah Indrawati Universitas Brawijaya
  • Siti Aisjah Universitas Brawijaya

DOI:

https://doi.org/10.20525/ijrbs.v13i5.3577

Keywords:

Financial Socializatio, Financial Literacy, Milenial Generation, Financial Well-Being

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.

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Author Biographies

Nur Khusniyah Indrawati, Universitas Brawijaya

Ph.D Lecturer of Department Management, Faculty of Economics and Business

Siti Aisjah, Universitas Brawijaya

Ph.D Lecturer of Department Management, Faculty of Economics and Business

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Published

2024-08-20

How to Cite

Rahmawati, Z. A., Indrawati, N. K., & Aisjah, S. (2024). Building financial well-being through financial socialization and literacy: A study of millennial employees at PT. Solusi Bangun Indonesia Tbk. International Journal of Research in Business and Social Science (2147- 4478), 13(5), 450–462. https://doi.org/10.20525/ijrbs.v13i5.3577

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Vol. 13 No. 5 (2024): July

Section

Financial and Economic Studies

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Copyright (c) 2024 Zahrotul Aulia Rahmawati, Nur Khusniyah Indrawati, Siti Aisjah

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