The Analysis of Financial Planning Awareness at A Productive Age in Jakarta City

Abstract

This study analyzes the influence of financial planning knowledge, income, and lifestyle on the awareness of productive age people in Jakarta city in preparing personal financial planning. A deficient financial planning knowledge will affect the lifestyle, the amount of someone’s desire to meet their needs by the level of income earned. This study uses quantitative methods with a type of descriptive-causality research. Sampling is done by the non-probability sampling method, which is convenience sampling, with a total number of 179 respondents. The data analysis techniques used are descriptive analysis and path analysis. Meanwhile, to test the hypothesis using the t-test, F test, and determination coefficient test. The results showed that financial planning knowledge, income, and lifestyle directly affected the awareness of productive age in Jakarta in preparing personal financial planning. On the other hand, the financial planning knowledge and lifestyle did not directly affect the financial planning awareness of productive age people in Jakarta city through income. The results of this study can be helpful for the government to make policies regarding financial planning so that people of productive age want to plan their finances for a better life from youngster up to retired life.

Keywords: Financial Planning, Financial Planning Awareness, Financial Planning Knowledge, Income, Lifestyle