Financial Literacy Among Students in Kabupaten Bandung West Java

Abstract

This study aims to design proper instrument to measure financial literacy and assess the youth financial literacy conditions for the last year senior high schools students in Kabupaten Bandung, West Java, Indonesia. A quantitative approach of 5 likert-scale questionnaires is used. A total of 394 valid respondent is gathered and analyzed using structural equation modeling. It is confirmed that the used of multivariables such as financial awareness, financial experiences, subjective financial knowledge, financial skills, financial capability, financial goals, financial behaviours, and financial decisions are suitable to measure the financial literacy conditions of respondents although it is recommended to extend the variables for more accurate result. In the end, the study results informations that can be used as references to generate a proper strategy in developing students’ financial literacy.

Keywords: financial literacy, senior high school students, financial experiences