The Effect of Financial Socialization and Self-Control on Financial Well-Being Mediated by Financial Management Behavior among Generation Z Paylater Users in Bandung

Siti Sabila Zulfia Maulana; Ferikawita Magdalena Sembiring

doi:10.55927/eajmr.v5i2.9

Authors

Siti Sabila Zulfia Maulana Universitas Jenderal Achmad Yani
Ferikawita Magdalena Sembiring Universitas Jenderal Achmad Yani

DOI:

https://doi.org/10.55927/eajmr.v5i2.9

Keywords:

Financial Socialization, Self-Control, Financial Management Behavior, Financial Well-Being, PayLater

Abstract

The massive use of PayLater among Generation Z triggers the risk of consumptive behavior that affects financial well-being. This quantitative research aims to analyze the influence of financial socialization and self-control on financial well-being with financial management behavior as a mediator. Data was collected through a survey of 177 respondents and analyzed using PLS-SEM. The results of the study show that financial socialization and self-control have a positive effect on financial management behavior and financial well-being. Furthermore, financial management behavior has been shown to partially mediate this influence. These findings confirm that access to the use of Paylater must be balanced with self-control and healthy financial management behavior. Sustainable financial education is the key for Generation Z to achieve long-term financial well-being.

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