THE INFLUENCE OF EMOTIONAL FACTORS, MATERIALISM, RISK PERCEPTION, AND FINANCIAL LITERACY ON THE TENDENCY OF DEBT OF MILLENNIAL GENERATION IN SURABAYA | Zendy

Richard Widjaja | Zendy; Dewi Pertiwi | Zendy

Open Access

THE 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 (ijfis)

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.

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