Millennial Lifestyle Mediated: Financial Literacy and Income on Investment Decision
This research seeks to assess the impact of financial literacy and income on lifestyle, examining their implications on investment decision-making behavior within the millennial generation (based on a survey of residents in Cirebon city). The research is conducted in the city of Cirebon. This resea...
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| Format: | Article |
| Language: | English |
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Universitas KH Abdul Chalim, Prodi Ekonomi Syariah
2025-07-01
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| Series: | Indonesian Interdisciplinary Journal of Sharia Economics |
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| Online Access: | https://e-journal.uac.ac.id/index.php/iijse/article/view/6534 |
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| author | Ida Rosnidah Kartono Kartono |
| author_facet | Ida Rosnidah Kartono Kartono |
| author_sort | Ida Rosnidah |
| collection | DOAJ |
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This research seeks to assess the impact of financial literacy and income on lifestyle, examining their implications on investment decision-making behavior within the millennial generation (based on a survey of residents in Cirebon city). The research is conducted in the city of Cirebon. This research adopts a quantitative approach employing a survey method administered to residents of Cirebon City falling within the millennial generation category, i.e., individuals born between 1981 and 1996. The focal points of this study encompass financial literacy, income, lifestyle, and investment decisions. The sample size for this research is set at 100 respondents, determined through the employment of judgment sampling. The analysis employed in this study is Structural Equation Modeling (SEM), facilitated by the Smart PLS 3 computer program. The findings of this research reveal that both financial literacy and income exert an influence on the respondents' lifestyle. Additionally, financial literacy, income, and lifestyle collectively impact the investment decisions made by the respondents.
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| format | Article |
| id | doaj-art-d63a5fb68a7d4e51a6400c56118c5f23 |
| institution | Matheson Library |
| issn | 2621-606X |
| language | English |
| publishDate | 2025-07-01 |
| publisher | Universitas KH Abdul Chalim, Prodi Ekonomi Syariah |
| record_format | Article |
| series | Indonesian Interdisciplinary Journal of Sharia Economics |
| spelling | doaj-art-d63a5fb68a7d4e51a6400c56118c5f232025-07-25T16:49:06ZengUniversitas KH Abdul Chalim, Prodi Ekonomi SyariahIndonesian Interdisciplinary Journal of Sharia Economics2621-606X2025-07-0183Millennial Lifestyle Mediated: Financial Literacy and Income on Investment DecisionIda Rosnidah0Kartono Kartono1Universitas Swadaya Gunung Jati, Cirebon, IndonesiaUniversitas Swadaya Gunung Jati, Cirebon, Indonesia This research seeks to assess the impact of financial literacy and income on lifestyle, examining their implications on investment decision-making behavior within the millennial generation (based on a survey of residents in Cirebon city). The research is conducted in the city of Cirebon. This research adopts a quantitative approach employing a survey method administered to residents of Cirebon City falling within the millennial generation category, i.e., individuals born between 1981 and 1996. The focal points of this study encompass financial literacy, income, lifestyle, and investment decisions. The sample size for this research is set at 100 respondents, determined through the employment of judgment sampling. The analysis employed in this study is Structural Equation Modeling (SEM), facilitated by the Smart PLS 3 computer program. The findings of this research reveal that both financial literacy and income exert an influence on the respondents' lifestyle. Additionally, financial literacy, income, and lifestyle collectively impact the investment decisions made by the respondents. https://e-journal.uac.ac.id/index.php/iijse/article/view/6534Financial Literacy, Income, Lifestyle, Investment Decision |
| spellingShingle | Ida Rosnidah Kartono Kartono Millennial Lifestyle Mediated: Financial Literacy and Income on Investment Decision Indonesian Interdisciplinary Journal of Sharia Economics Financial Literacy, Income, Lifestyle, Investment Decision |
| title | Millennial Lifestyle Mediated: Financial Literacy and Income on Investment Decision |
| title_full | Millennial Lifestyle Mediated: Financial Literacy and Income on Investment Decision |
| title_fullStr | Millennial Lifestyle Mediated: Financial Literacy and Income on Investment Decision |
| title_full_unstemmed | Millennial Lifestyle Mediated: Financial Literacy and Income on Investment Decision |
| title_short | Millennial Lifestyle Mediated: Financial Literacy and Income on Investment Decision |
| title_sort | millennial lifestyle mediated financial literacy and income on investment decision |
| topic | Financial Literacy, Income, Lifestyle, Investment Decision |
| url | https://e-journal.uac.ac.id/index.php/iijse/article/view/6534 |
| work_keys_str_mv | AT idarosnidah millenniallifestylemediatedfinancialliteracyandincomeoninvestmentdecision AT kartonokartono millenniallifestylemediatedfinancialliteracyandincomeoninvestmentdecision |