Open AccessTHE INFLUENCE OF EMOTIONAL FACTORS, MATERIALISM, RISK PERCEPTION, AND FINANCIAL LITERACY ON THE TENDENCY OF DEBT OF MILLENNIAL GENERATION IN SURABAYA
Author(s) -
Richard Widjaja,
Dewi Pertiwi
Publication year - 2021
Publication title -
international journal of financial and investment studies
Language(s) - English
Resource type - Journals
ISSN - 2745-3952
DOI - 10.9744/ijfis.1.2.85-93
Subject(s) - financial literacy , materialism , perception , risk perception , psychology , debt , social psychology , finance , business , theology , philosophy , neuroscience
This study aims to determine the effect of emotion, materialism, risk perception, and financial literacy on the propensity toward indebtedness of the millennial generation in Surabaya. The researcher uses a online questionnaire distributed via Google Form to 110 millennials in Surabaya. The collected data is processed using Partial Least Square (PLS). This study indicates that emotion, materialism, and perceptions have a significant effect on indebtedness propensity.