The Influence of Financial Literacy and Lifestyle Against Consumptive Behavior of Generation Z during the Covid-19 Pandemic
DOI:
https://doi.org/10.52728/ijss.v3i4.589Keywords:
Financial Literacy, Lifestyle, Consumptive Behavior, Generation Z, Covid-19 pandemicAbstract
This study aims to determine the influence of financial literacy and lifestyle levels against consumptive behavior of Generation Z during the Covid-19 pandemic in Special Region of Yogyakarta, Indonesia. The method used in this study was by distributing questionnaires to 200 students in D.I. Yogyakarta Province by sampling method through Google Form. This sampling determination is expected to be a representative of Generation Z i in Special Region of Yogyakarta, Indonesia. The result of this study is that lower level of Financial Literacy, the higher the consumptive behavior of Generation Z in Special Region of Yogyakarta, Indonesia during the Covid-19 pandemic. On the other hand, the higher the Lifestyle, the higher the Consumptive Behavior of Generation Z in Special Region of Yogyakarta, Indonesia during the Covid-19 Pandemic.
References
Adamus, M., & Grežo, M. (2021). Individual differences in behavioural responses to the financial threat posed by the COVID-19 pandemic. Personality and Individual Differences, 179, 110916. https://doi.org/10.1016/j.paid.2021.110916
AlFattani, A., AlMeharish, A., Nasim, M., AlQahtani, K., & AlMudraa, S. (2021). Ten public health strategies to control the Covid-19 pandemic: the Saudi Experience. IJID Regions, 1, 12–19. https://doi.org/10.1016/j.ijregi.2021.09.003
Azizah, N. S. (2020). Pengaruh Literasi Keuangan, Gaya Hidup pada Perilaku Keuangan pada Generasi Milenial. Jurnal PRISMA (Platform Riset Mahasiswa Akuntansi), 1(2), 92–101. http://ojs.stiesa.ac.id/index.php/prisma/article/view/422
Battineni, G., Chintalapudi, N., & Amenta, F. (2020). Forecasting of COVID-19 epidemic size in four high hitting nations (USA, Brazil, India and Russia) by Fb-Prophet machine learning model. Applied Computing and Informatics, ahead-of-p(ahead-of-print). https://doi.org/10.1108/ACI-09-2020-0059
Creswell, J. W. (2017). Research Design Pendekatan Kualitatif, Kuantitatif, dan Mixed (S. Z. Qudsy (ed.); 3rd ed.). Pustaka Pelajar. https://opac.perpusnas.go.id/DetailOpac.aspx?id=1213690
Djaali. (2020). Metodologi Penelitian Kuantitatif (1st ed.). Bina Aksara Publishing. https://openlibrary.telkomuniversity.ac.id/home/catalog/id/167948/slug/metodologi-penelitian-kuantitatif.html
Duong, K. D., Truong, L. T. D., Huynh, T. N., & Luu, Q. T. (2022). Financial constraints and the financial distress puzzle: Evidence from a frontier market before and during the Covid-19 pandemic. Investment Analysts Journal, 51(1), 35–48. https://doi.org/10.1080/10293523.2022.2037202
Fennis, B. M., Gineikiene, J., Barauskaite, D., & van Koningsbruggen, G. M. (2022). Acute stress can boost and buffer hedonic consumption: The role of individual differences in consumer life history strategies. Personality and Individual Differences, 185, 111261. https://doi.org/10.1016/j.paid.2021.111261
Frechette, M., & Reilly, T. (2021). Effects of income and financial strain on risky social behaviour in the COVID-19 era: a comparison of the US and Canada. Journal of Marketing Management, 37(17–18), 1954–1971. https://doi.org/10.1080/0267257X.2021.2006273
Fungky, T., Sari, T. P., & Sanjaya, V. F. (2021). Pengaruh Gaya Hidup serta Literasi Keuangan terhadap Perilaku Konsumtif Generasi Z pada Masa Pandemi (Studi Kasus Mahasiswa/i Manajemen Bisnis Syariah, UIN Raden Intan Lampung Angkatan 2019). Jurnal Valuasi: Jurnal Ilmiah Ilmu Manajemen Dan Kewirausahaan, 1(1), 82–98. https://doi.org/https://doi.org/10.46306/vls.v2i1.71
Ghozali, I. (2016). Aplikasi Analisis Multivariete dengan Program IBM SPSS 23 (I. Ghozali (ed.); 8th ed.). Badan Penerbit Universitas Diponegoro. http://kin.perpusnas.go.id/DisplayData.aspx?pId=218217&pRegionCode=UN11MAR&pClientId=112
Ghozali, I., & Latan, H. (2015). Partial Least Squares: Konsep, Teknik dan Aplikasi Menggunakan Program SmartPLS 3.0 untuk Penelitian Empiris (3rd ed.). Universitas Diponegoro. https://opac.perpusnas.go.id/DetailOpac.aspx?id=865950
Hattingh, M., Dhir, A., Ractham, P., Ferraris, A., & Yahiaoui, D. (2022). Factors mediating social media-induced fear of missing out (FoMO) and social media fatigue: A comparative study among Instagram and Snapchat users. Technological Forecasting and Social Change, 185, 122099. https://doi.org/10.1016/j.techfore.2022.122099
Isham, E. A., & Lomayesva, S. (2022). Involuntary classroom transition moderates the effect of Present Hedonistic perspective on the belief in free will. Personality and Individual Differences, 186, 111321. https://doi.org/10.1016/j.paid.2021.111321
Jee, T. W. (2021). The perception of discount sales promotions – A utilitarian and hedonic perspective. Journal of Retailing and Consumer Services, 63, 102745. https://doi.org/10.1016/j.jretconser.2021.102745
Jochemczyk, Ł., Pietrzak, J., Buczkowski, R., Stolarski, M., & Markiewicz, Ł. (2017). You Only Live Once: Present-hedonistic time perspective predicts risk propensity. Personality and Individual Differences, 115, 148–153. https://doi.org/10.1016/j.paid.2016.03.010
Kumar, P., Pillai, R., Kumar, N., & Tabash, M. I. (2022). The interplay of skills, digital financial literacy, capability, and autonomy in financial decision making and well-being. Borsa Istanbul Review. https://doi.org/10.1016/j.bir.2022.09.012
Kurniawan, M. B. (2021). Politik Hukum Pemerintah dalam Penanganan Pandemi Covid-19 Ditinjau dari Perspektif Hak Asasi atas Kesehatan. Jurnal HAM, 12(1), 37. https://doi.org/10.30641/ham.2021.12.37-56
Muhyiddin, M., & Nugroho, H. (2021). A Year of Covid-19: A Long Road to Recovery and Acceleration of Indonesia’s Development. Jurnal Perencanaan Pembangunan: The Indonesian Journal of Development Planning, 5(1), 1–19. https://doi.org/10.36574/jpp.v5i1.181
Otoritas Jasa Keuangan. (2020). Survei Nasional Literasi dan Inklusi Keuangan 2019. http://www.ojk.go.id/id/berita-dan-kegiatan/publikasi/Pages/Survei-Nasional-Literasi-dan-Inklusi-Keuangan-2019.aspx
Paramitalaksmi, R. (2022). Financial Literacy Level of Students Majoring in Accounting, Mercu Buana University of Yogyakarta. Interdisciplinary Social Studies, 1(4), 432–442. https://doi.org/10.55324/iss.v1i4.91
Purwanto, E. (2021). Literasi Keuangan: Analisis Literasi Keuangan, Faktor Demografi, dan Pendapatan terhadap Perilaku Konsumtif Mahasiswa (1st ed.). Sasanti Institute. http://repository.upnjatim.ac.id/84/
Qiao, H.-H., Wang, C.-H., Chen, M.-H., Su, C.-H. (Joan), Tsai, C.-H. (Ken), & Liu, J. (2021). Hedonic price analysis for high-end rural homestay room rates. Journal of Hospitality and Tourism Management, 49, 1–11. https://doi.org/10.1016/j.jhtm.2021.08.008
Rinjani, L. B., & Prasetiyaningrum, J. (2020). Hubungan Intensitas Penggunaan Media Sosial dan Konformitas Kelompok dengan Perilaku Konsumtif pada Remaja Akhir [Universitas Muhammadiyah Surakarta]. http://eprints.ums.ac.id/88456/1/Naskah Publikasi.pdf
Rozgonjuk, D., Sindermann, C., Elhai, J. D., & Montag, C. (2021). Individual differences in Fear of Missing Out (FoMO): Age, gender, and the Big Five personality trait domains, facets, and items. Personality and Individual Differences, 171, 110546. https://doi.org/10.1016/j.paid.2020.110546
Rulinawaty, Yudhakusuma, D., Hendriarto, P., Erlianti, D., & Fitria, R. (2022). Analisis Isi Komunikasi Publik Polri Terkait Mudik Libur Natal dan Tahun Baru. Jurnal Komunikasi Profesional, 6(1), 26–38. https://ejournal.unitomo.ac.id/index.php/jkp/article/view/4467
Rumini, R., Sugiharto, B., & Kurniawan, A. (2019). The Moderating Effect of Competitive Strategies on Intelectual Capital and Company Value in Banking Companies. ACCRUALS, 3(1), 92–105. https://doi.org/10.35310/accruals.v3i1.43
Sugiyono. (2019). Metode Penelitian Kuantitatif, Kualitatif, dan R&D – MPKK (I). Alfabeta. https://cvalfabeta.com/product/metode-penelitian-kuantitatif-kualitatif-dan-rd-mpkk/
Sukardi, M. (2020, March 13). Ternyata COVID-19 Pertama Kali Muncul pada 17 November 2019, Bukan Desember. Okezone, 1–3. https://health.okezone.com/read/2020/03/13/481/2182628/ternyata-covid-19-pertama-kali-muncul-pada-17-november-2019-bukan-desember
Sulistyowati, F. (2021). Strategi Komunikasi Pemerintah Indonesia dalam Penanganan COVID-19 pada Majalah TEMPO Edisi Maret-Juli 2020. Jurnal Riset Komunikasi, 4(2), 198–214. https://doi.org/10.38194/jurkom.v4i2.326
Syah, A., & Barsah, A. (2022). Pengaruh Gaya Hidup dan Literasi Keuangan terhadap Keputusan Berinvestasi Generasi Milinial Kota Tangerang Selatan. Scientific Journal of Reflection: Economic, Accounting, Management and Business, 5(3), 649–655. https://doi.org/10.37481/sjr.v5i3.518
Tandon, A., Dhir, A., Talwar, S., Kaur, P., & Mäntymäki, M. (2021). Dark consequences of social media-induced fear of missing out (FoMO): Social media stalking, comparisons, and fatigue. Technological Forecasting and Social Change, 171, 120931. https://doi.org/10.1016/j.techfore.2021.120931
Wahyuni, R., Irfani, H., Syahrina, I. A., & Mariana, R. (2019). Pengaruh Gaya Hidup dan Literasi Keuangan terhadap Perilaku Konsumtif Berbelanja Online pada Ibu Rumah Tangga di Kecamatan Lubuk Begalung Kota Padang. Jurnal Benefita, 4(3), 548. https://doi.org/10.22216/jbe.v4i3.4194
Wiquar, R., Ciddikie, M. D., Ahmad, A., & Akram, H. W. (2022). Covid-19 and the changing face of financial literacy in India : Evidence from Delhi NCR during lockdowns. Journal of Statistics and Management Systems, 25(5), 1001–1010. https://doi.org/10.1080/09720510.2022.2043534
Yuan, Y., Wang, H., & Jin, X. (2022). Pandemic-driven financial contagion and investor behavior: Evidence from the COVID-19. International Review of Financial Analysis, 83, 102315. https://doi.org/10.1016/j.irfa.2022.102315
Yue, P., Gizem Korkmaz, A., & Zhou, H. (2020). Household Financial Decision Making Amidst the COVID-19 Pandemic. Emerging Markets Finance and Trade, 56(10), 2363–2377. https://doi.org/10.1080/1540496X.2020.1784717
Zajenkowska, A., Nowakowska, I., Kaźmierczak, I., Rajchert, J., Bodecka-Zych, M., Jakubowska, A., Anderson, J. L., & Sellbom, M. (2022). The interplay between disinhibition and Present-Hedonistic time perspective in the relation between Borderline Personality Organization and depressive symptoms. Personality and Individual Differences, 186, 111317. https://doi.org/10.1016/j.paid.2021.111317
