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Saving Behavior of the Millennial Generation in Jakarta

Year: 2025

Type: article

Abstract: Indonesian people's interest in saving has decreased to only 15.4% as of May 2024. Bank Indonesia invites the public, especially the millennial generation, to get into the habit of saving. This study aims to determine the effect of peer influence, socialization of parents and self-control on saving behavior. The number of samples in this study was 240 people from the millennial generation who already have income in Jakarta. This study used Structural Equation Modelling (SEM) for data analysis. The results of this study show that peer influence, socialization of parents and self-control have a positive effect on saving behavior.

Source: International Journal of Application on Economics and Business

DOI: 10.24912/ijaeb.v3i1.1-7

Authors: Ary Satria Pamungkas, Dyah Erny Herwindiati, Muhammad Idrus Taba

Institution: Tarumanagara University

Language: English

Topic: Financial Literacy and Behavior

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: diamond

OpenAlex ID: W4414948627

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