The Influence of Financial Literacy, Financial Self-Efficacy, and Consumerist Behavior on Financial Management among Generation Z
Keywords:
Financial Literacy, Financial Self-Efficacy, Consumerist Behavior, Financial Management, Generation Z
Abstract
This study aims to analyze the influence of financial literacy, financial self-efficacy, and consumerist behavior on the financial management of Generation Z. A quantitative research method was employed, with Generation Z serving as the study population. Participants were selected using purposive sampling, with the criteria that they must be between 22 and 28 years old and currently employed. The sample size, calculated using the Slovin formula, consists of 100 respondents. Data were collected via questionnaires distributed through social media platforms, including WhatsApp, Instagram, and TikTok, and subsequently analyzed using multiple linear regression. The results indicate that financial literacy, financial self-efficacy, and consumer behavior each have a positive and significant individual (partial) effect on the financial management of Generation Z. Furthermore, these variables also exert a simultaneous (joint) influence on the financial management of Generation Z. The coefficient of determination (R-squared) value of 0.676 suggests that 67.6% of the variance in financial management can be explained by financial literacy, financial self-efficacy, and consumer behavior, while the remaining 32.4% is accounted for by other variables not included in this research model.
References
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Arrahmah, N., & Siwi, M. K. (2026). The Influence of Financial Literacy and Financial Self-Efficacy on Financial Management of Paylater Application Users in Padang City. Jurnal Salingka Nagari, 5(2), 173–185. https://doi.org/10.24036/jsn.v5i2.412
Citra, R. Y., & Komara, E. F. (2025). The Influence of Financial Literacy, Fintech Payment , and Consumer Behavior on Personal Financial Management Behavior of Generation Z in West Java. Jurnal Lentera Bisnis, 14(1), 696–708. https://doi.org/10.34127/jrlab.v14i1.1393
Dawolo, A. P., Srumaha, F. C. S., Zebua, J. S., & Halawa, H. (2025). The Impact of Financial Literacy on Household Debt Management. JUKONI: Journal of Economics and Business, 2(1), 31–40.
Futri, E. R., Mursalin, S., Arisandi, D. (2026). The Influence of Lifestyle, FOMO, and TikTok Social Media on Consumptive Behavior from a Sharia Economic Perspective. Journal of Sharia Banking and Sharia Economics, 8(2), 214–241. https://doi.org/https://doi.org/10.59636/Saujana.V8i2.466
Gama, A. W. S., Buderini, L., & Astiti, N. P. Y. (2023). The Influence of Financial Literacy, Lifestyle, and Income on the Personal Financial Management Skills of Generation Z Students. KRISNA Journal: Collection of Accounting Research, 15 (1), 90–101. https://doi.org/10.22225/kr.15.1.2023.90-101
Harahap, W. F., Sinto, S., & Daulay, A. (2026). The Influence of Financial Literacy on the Personal Financial Management Behavior of Economics Students. Digital Business: Journal of Management Science and E-Commerce Publication, 5(2), 684–697. https://doi.org/10.30640/digital.v5i2.6801
Maharani, M., & Rosdiana, M. (2026). The Influence of Financial Literacy, Financial Self-Efficacy, and Fintech Use on Student Financial Management. Journal of Accounting, 3(2), 11–19. https://doi.org/10.69714/4jmwgk84
Nisa, F. K., & Haryono, N. A. (2022). The Influence of Financial Knowledge, Financial Attitude, Financial Self-Efficacy, Income, Locus of Control, and Lifestyle on the Financial Management Behavior of Generation Z. Journal of Management Science, 10(1), 82–97. https://doi.org/10.26740/jim.v10n1.p82-97
Rahmadani, S., & Safitri, T. A. (2025). The Influence of Online Shopping, Consumptive Behavior, and Hedonistic Lifestyle on Personal Financial Management of Generation Z. Dewantara Economic Journal, 8(2), 1231-1244.. https://doi.org/https://doi.org/10.30738/ed_en.v8i2.4507
Rahmatusyam, A., Hasanah, U., Fachrudin, A. P., Makmun, H., Jamil, Z. Z. L. (2024). Practical Strategies for Family Financial Management for Financial Success. Burangrang: Journal of the Center for Research & Community Service, 2(2), 128-143.
Rahmawati, T. A., & Natalia, E. Y. (2026). The Influence of Social Comparison Orientation, Spiritual Intelligence, and Self-Efficacy on Financial Management of Batam Accounting Students. Liability: Scientific Journal of Accounting and Economics, 11(1), 58–79. https://doi.org/10.54964/liabilitas.v11i1.623
Rorlen, S., Lim, S., Djaja, T. C., & Linus, M. (2024). Digital Financial Literacy: Wisely Managing Finances in Gen Z. Serina Abdimas Journal, 2(4), 1728–1733. https://doi.org/10.24912/jsa.v2i4.33519
Sulastri, T., & Ridwan, R. (2026). The Influence of Social Environment, Lifestyle, and Financial Self-Efficacy on the Financial Behavior of Generation Z in Tasikmalaya Regency. Mazinda: Journal of Accounting, Finance and Business, 4(2), 116–126.
Trihandayani, A., Mira, M., & Basir, B. (2026). The Influence of Financial Literacy on E-Wallet Use on the Financial Management Behavior of Generation Z in Makassar City. Jurnal Ekonomi Sakti (JES), 15(1), 70–87. https://doi.org/10.36272/jes.v15i1.498
Wijaya, M. N., Pranata, S., & Fauzi, F. (2026). The Influence of Lifestyle and Ease of Transactions on the Use of Digital Wallet Applications by Generation Z in Cirebon City. Scientific Journal of Management and Entrepreneurship, 6(2), 41–56. https://doi.org/10.51903/r3sz7g64
Yulia, S., Ramadhan, R. R., & Akhmad, I. (2026). The Influence of Digital Financial Literacy, Financial Anxiety, and Financial Self-Efficacy on Personal Financial Management of Generation Z in Pekanbaru. EMBA Independent Student Scientific Journal, 6(1), 179-189.
Zetri, R., & Octavera, S. (2025). The Influence of Financial Literacy, Hedonism, and Generation Z's Consumptive Behavior on Personal Financial Management (A Case Study of Undergraduate Management Students, Faculty of Economics and Business, Dharma Andalas University, Intakes of 2021, 2022, and 2023). Emas Journal, 6(10), 2260–2275. https://doi.org/10.36733/emas.v6i10.12616
Published
2026-11-03
How to Cite
Abdul Wahab, Hartono, H., Nersiwad, N., Musran Munizu, & Wa Ode Nur Ainun. (2026). The Influence of Financial Literacy, Financial Self-Efficacy, and Consumerist Behavior on Financial Management among Generation Z. International Journal of Economics, Business and Innovation Research, 5(06), 2833-2844. https://doi.org/10.63922/ijebir.v5i06.7138
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