Apakah literasi Finansial mengurangi rentanya kondisi Finansial selama COVID-19?

Armania Putri Wardhani, Rizqon Halal Syah Aji

Abstract


This study examines the relationship between financial literacy and financial vulnerability during COVID-19. It further examines whether financial literacy has a different impact on financial vulnerability based on psychological (financial toughness), economic (wealth) and social (race) factors. The authors used data from the Central Bureau of Statistics for working age groups, compiling six different data sets collected at different time periods to conduct this study. Based on literature studies and observations of 100 households in the working age group (15-64 years), the authors conducted a logistic regression analysis to test the proposed relationship. This study is one of the first studies to examine the antecedents of financial fragility. Based on time lag data, our study examines the relationship between financial literacy and financial vulnerability. Although scholars have investigated financial literacy and its implications, scientific work in this domain during COVID-19 has been very limited. This study contributes to the literature by examining the effect of boundary conditions that can change the impact of financial literacy on financial vulnerability.Keywords: Financial literacy; Financial fragility; Financial confidence; Wealth; Race; COVID-19Abstrak:

Penelitian ini menguji hubungan antara literasi Finansial dan rentanya Finansial selama COVID-19. Lebih lanjut meneliti apakah literasi Finansial memiliki dampak yang berbeda pada rentanya Finansial berdasarkan psikologis (ketangguhan finansial), faktor ekonomi (kekayaan) dan sosial (ras). Penulis menggunakan data dari Badan Pusat Statistik kelompok usia kerja, mengumpulkan enam kumpulan data berbeda yang dikumpulkan pada periode waktu yang berbeda untuk melakukan studi ini. Berdasarkan studi Pustaka serta pengamatan terhadap 100 rumah tangga dalam kelompok usia pekerja (15 – 64 tahun), penulis melakukan analisis regresi logistik untuk menguji usulan hubungan. Studi ini merupakan salah satu studi awal untuk mengkaji anteseden dari kerapuhan finansial. Berdasarkan data jeda waktu, studi penulis meneliti hubungan antara literasi Finansial dan rentannya Finansial. Meskipun para sarjana telah menyelidiki literasi Finansial dan implikasinya, karya ilmiah dalam hal ini domain selama COVID-19 sangat terbatas. Studi ini berkontribusi pada literatur dengan menguji efek dari kondisi batas yang dapat mengubah dampak literasi Finansial terhadap rentannya kondisi Finansial.

Kata Kunci: Financial literacy; Financial fragility; Financial confidence; Wealth; Race; COVID-19


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DOI: https://doi.org/10.15408/sjsbs.v10i4.34605 Abstract - 0 PDF - 0

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