• Nicholas Renaldo Institut Bisnis dan Teknologi Pelita Indonesia
  • Sudarno Sudarno Institut Bisnis dan Teknologi Pelita Indonesia
  • Hutahuruk Br. Marice STIE Prakarti Mulya



Financial well-being, financial behavior, financial self-efficacy, financial knowledge, financial attitude


The current economic condition of generation Z was pretty unexpected. It might trigger problems personally or even their families. This study aimed to reveal the factors influencing the financial well-being and altering perso­nality problems of generation Z. There were more than 800,000 peoples in po­pulation and the number of the sample was 239 peoples using a combination of pur­posive and convenience sampling methods. The data was then analyzed using multiple linear regression. The researchers used primary data by distri­buting questionnaires based on a Likert Scale. All classic assumptions met the criteria and testing produced financial self-efficacy, financial attitude, financial knowledge, financial behavior, and had a significant positive effect on finan­cial well-being. However, locus of control had no significant effect on financial well-being. Generation Z must increase their independence and con­fidence to achieve what they want. It would be good to have financial atitude and in­vestment behavior along with financial knowledge. They must also believe that only theirself can provide personal well-being. Generation Z needed character education, more mature, and independent thinking models to deal with eco­no­mic problems

Author Biography

Nicholas Renaldo, Institut Bisnis dan Teknologi Pelita Indonesia

Lecturer in Statistics


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