The influence of Financial literacy, Financial self-efficacy, and Hedonism lifestyle on Financial Management Behaviour of Generation Z

Abstract

This study aims to examine the influence of financial literacy, financial self-efficacy, and hedonism lifestyle on financial management behaviour in Generation Z in Malang City. Using quantitative methods with an associative approach, this study involved 100 respondents selected through non-probability sampling techniques. Data were collected through questionnaires and analysed using multiple linear regression. The results showed that financial literacy and financial self-efficacy had no significant effect on financial management behaviour, while hedonism lifestyle had a positive effect on financial management behaviour . The model explained 10.1% of the variation in financial management behaviour, indicating that there are other factors that influence Generation Z's financial behaviour. The findings provide valuable insights into the dynamics of financial behaviour among Generation Z in Malang City, which can be used to develop more effective financial education strategies and policies.

Keywords: financial literacy, financial self-efficacy, hedonism lifestyle, financial management.