• Kezia Pearly Sembel
  • Sita Deliyana Universitas Telkom



: The development of the world and technology in this era have begun to accelerate and become more complex. The presence of digital financial services makes life simpler for individuals, as even financial institutions are gradually adapting to the digitalization process. In 2007, the number of users of financial technology reached 7%; in 2011, it increased by 20%; in 2014, it increased by 36%; and by 2017, it reached 78%. Consequently, there is no doubt that this has become a requirement for human beings, particularly generations Z and Y, when conducting purchasing and selling transactions, transfers, etc. This condition is certainly intriguing to discuss, as there are differences between generation Z and generation Y in their use of financial technology facilities and services; therefore, the purpose of this study is to examine the generational differences that have an impact on Digital Financial Literacy. This study aimed to identify generational disparities in digital financial literacy based on age, gender, income, and marital status. This quantitative study employed a certain type of data collection using an online questionnaire through a Google form. There is a total of 226 respondent samples that can be analysed. In this research, exploratory factor analysis (EFA) was used to analysed the data. With the results of the research, it is necessary to increase learning about digital financial literacy, as well as to differentiate practical litis for employees, entrepreneurs, and students. Furthermore, it is necessary to optimize the factors that are highly significant and have a positive coefficient in digital financial literacy, including education level, income, occupation, and gender. In order to enhance digital financial literacy, socioeconomic and demographic factors must also be taken into account.


Alamsyah, F., Saerang, I.S., Tulung, J. E. (2019). Analisis Akurasi Model Zmijewski, Springate, Altman, Dan Grover Dalam Memprediksi Financial Distress. Jurnal Riset Ekonomi, Manajemen, Bisnis Dan Akuntansi, 7(2).

Anselin, P. (2020). Persepsi kegunaan dan kemudahan dalam penggunaan financial technology (fintech) pada masyarakat kota banda aceh .

Azeez N.P, A., & Banu. M, N. (2019). Rural Transformation through Financial Literacy: A Study of aligarh district. International Journal of Innovative Studies in Sociology and Humanities (IJISSH).

Bambang, S., & Syarif , H. (2015 ). Generasi Y : Karakteristik, masalah dan peran konselor. Ciri khas gen Y. (18 april 2015 ). Tim majalah femina.

Diyah , P. R. (2016). pengaruh karakter generasi Z dan peran guru dalam pembelajaran terhadap motivasi belajar akuntansi siswa kelas X akuntasi SMK negeri 1 Godean tahun ajaran 2015/2016 .

Hair, J, F., Hult, G, T. M., Ringle, C. M., & & Saestedt , M. (2014). A Primer on partial least squares structural equationg modeling (PLS-sem) . Sage publications, in european Journal of tourism research .

Hellen, C. P. (2012). Cyber smart parenting. Bandung: PT Visi anugerah indonesia .

Hoover, e. (2015). The millennial middle : How Stereothyping students became a thriving industry and a bundle of contradictions. the chronicle of higher education retrieved .

Horovits, & Bruce. (2012). After Gen X , Millennials, what should next generations be? USA TODAY.

Howe, N., & Strauss, W. (1991). Generations : the history of america's future 1584 to 2069.

Howe, N., & Strauss, W. (2000). Millennials rising : The next great generation. New York : Vintage.

Kansil, D. F., Tulung, J. E., & Pandowo, M. H. C. (2022). Antecedent Peer-To-Peer Lending Investment Intention In Manado. JMBI UNSRAT (Jurnal Ilmiah Manajemen Bisnis Dan Inovasi Universitas Sam Ratulangi)., 9(1).

Kurniawati, Apriliani Adeayu, & Lestari, H. S. (2022). Faktor-Faktor yang Mempengaruhi Financial Well-Being. JMBI UNSRAT (Jurnal Ilmiah Manajemen Bisnis Dan Inovasi Universitas Sam Ratulangi)., 9(3), 1577–1598.

Lusardi , annamaria, & and Olivia S., M. (2011). Financial Literacy around the World: An Overview. Journal of pension economics and finance, 497-508.

Lutfi, Dimas Gita, R. F., Elicia, A. D., & Yolanda , D. R. (2022). The effect of materialism and financial knowlede on financial stress : the role of present fatalistic and marital status . Jurnan ekonomi bisnis dan kewirausahaan (Jebik).

Morgan, P. J., & and L. Q, T. (2019). Determinants and impacts of financial literacy in cambodia and vietnam. Journal of risk and financial management , 12 (19), 1-24.

Prasad, H., Meghwal, D., & Dayama, V. (2018). Digital financial literacy : A study of households of udaipur. Journal of business and management .

Putra, Y. S. (2016 ). Theoretical review : Teori perbedaan generasi STIE Ama Salatiga.

Rita, R. (2022). Analisis faktor-faktor yang mempengaruhi tingkat literasi keuangan digital : studi pada generasi Z di Indonesia . Reviu Akuntansi dan Bisnis Indonesia.

Saatnya belajar literasi keuangan digital. (2022, Juli). From Otoritas Jasa Keuangan (OJK) :

Setiawan, M., Effendi, N., Santoso , T., Dewi, V. I., & & Sapulette , M. S. (2020). Digital Financial literacy, curent behavior of saving and spending and its future foresight. Economics of Innovation and New Technology , 1-19.

Setiawan, M., Effendi, N., Santoso, T., Dewi, V. I., & Sapulette, M. S. (2020). Digital financial literacy, curent behavior of saving and spending and its future foresight. Economics of innovation and new Technology.

Singh, D. A., & Dangmei, J. (2016). Understanding The Generation Z : The Future Workforce. South Asian Journal of Multidisciplinary Studies (SAJMS).

Tony, N., & Desai, K. (2020). Impact of digital financial literacy on digital financial inclusion. International journal of scientific and technology research .

Tony, N., & K, D. (2020). Impact of digital financial literacy on digital financial inclusion . international journal of scientific and technology research .

Twenge, & Jean, M. (n.d.). generaton me : Why today's young americans are more confident, assertive, entitled- and more miserable than ever before. isbn , 2007.

Wangmo , P. (2018). Assessing the level and impact of financial literacy on individual saving and spending habits in royal institute of management. PGDPA Research Report.

Willian , S., & neil , h. (2000). millennials rising : the next great generation cartoons by R.J Matson. New york .

Xue, R. G., S, S., & and B.J, V. (2019). Financial literacy amongst elderly australians. Accounting & finance , 59 (S1) : 887-918.

Yuk mengenal FINTECH ! keuangan digital yang tengah naik daun. (2023). From Otoritas jasa keuangan (OJK):

Yuni farida, p. (2022). Pengaruh digital financial literacy terhadap saving dan spending behavior mahasiswa akuntansi universitas hayam wuruk perbanas surabaya.




How to Cite

Kezia Pearly Sembel, & Deliyana, S. (2023). ANALISIS DETERMINAN DIGITAL FINANCIAL LITERACY : PERBANDINGAN GENERASI Z DAN Y . JMBI UNSRAT (Jurnal Ilmiah Manajemen Bisnis Dan Inovasi Universitas Sam Ratulangi)., 10(2), 1436–1450.