Building the "Golden Generation": Understanding the Drivers of Investment Behavior in Gen Z and Millennial Women
Purpose: This study aims to analyze the influence of financial knowledge and personality traits on the investment behavior of Gen Z and Millennial women with education level serving as a mediating variable. Method: The research employs Structural Equation Modeling (SEM) using SmartPLS software. The...
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| Format: | Article |
| Language: | English |
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Universitas Islam Negeri (UIN) Mataram, Faculty of Islamic Economics and Business
2025-01-01
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| Series: | Journal of Enterprise and Development |
| Online Access: | https://journal.uinmataram.ac.id/index.php/jed/article/view/12662 |
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| author | Erna Apriani Widiastuti Nani Hartati Rina Nurjanah Abdul Latif |
| author_facet | Erna Apriani Widiastuti Nani Hartati Rina Nurjanah Abdul Latif |
| author_sort | Erna Apriani |
| collection | DOAJ |
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Purpose: This study aims to analyze the influence of financial knowledge and personality traits on the investment behavior of Gen Z and Millennial women with education level serving as a mediating variable.
Method: The research employs Structural Equation Modeling (SEM) using SmartPLS software. The study sample includes Gen Z and Millennial women in Bekasi Regency. A purposive sampling technique was used, combining online and direct questionnaire distribution methods as well as interviews. A total of 100 respondents were selected for the study.
Result: The findings indicate that financial knowledge does not directly impact investment behavior or education level. However, personality traits significantly influence both investment behavior and education level. Additionally, education level significantly affects investment behavior. While education level does not mediate the relationship between financial knowledge and investment behavior, it does mediate the relationship between personality traits and investment behavior.
Practical Implications for Economic Growth and Development: This research underscores the importance of financial knowledge for Gen Z and Millennial women, particularly as Gen Z is poised to become the "golden generation" by 2045. By fostering sound financial management practices through financial knowledge and personality traits, individuals can effectively convert income into long-term assets through various investment instruments. This, in turn, contributes to sustainable economic development and growth.
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| format | Article |
| id | doaj-art-c7ef2ddbe99943908576f6f489200c6c |
| institution | Kabale University |
| issn | 2715-3118 2685-8258 |
| language | English |
| publishDate | 2025-01-01 |
| publisher | Universitas Islam Negeri (UIN) Mataram, Faculty of Islamic Economics and Business |
| record_format | Article |
| series | Journal of Enterprise and Development |
| spelling | doaj-art-c7ef2ddbe99943908576f6f489200c6c2025-01-23T08:37:19ZengUniversitas Islam Negeri (UIN) Mataram, Faculty of Islamic Economics and BusinessJournal of Enterprise and Development2715-31182685-82582025-01-017110.20414/jed.v7i1.12662Building the "Golden Generation": Understanding the Drivers of Investment Behavior in Gen Z and Millennial WomenErna Apriani0Widiastuti1Nani Hartati2Rina Nurjanah3Abdul Latif4Universitas Pelita Bangsa, IndonesiaUniversitas Pelita Bangsa, IndonesiaUniversitas Pelita Bangsa, IndonesiaUniversitas Pelita Bangsa, IndonesiaUniversitas Pelita Bangsa, Indonesia Purpose: This study aims to analyze the influence of financial knowledge and personality traits on the investment behavior of Gen Z and Millennial women with education level serving as a mediating variable. Method: The research employs Structural Equation Modeling (SEM) using SmartPLS software. The study sample includes Gen Z and Millennial women in Bekasi Regency. A purposive sampling technique was used, combining online and direct questionnaire distribution methods as well as interviews. A total of 100 respondents were selected for the study. Result: The findings indicate that financial knowledge does not directly impact investment behavior or education level. However, personality traits significantly influence both investment behavior and education level. Additionally, education level significantly affects investment behavior. While education level does not mediate the relationship between financial knowledge and investment behavior, it does mediate the relationship between personality traits and investment behavior. Practical Implications for Economic Growth and Development: This research underscores the importance of financial knowledge for Gen Z and Millennial women, particularly as Gen Z is poised to become the "golden generation" by 2045. By fostering sound financial management practices through financial knowledge and personality traits, individuals can effectively convert income into long-term assets through various investment instruments. This, in turn, contributes to sustainable economic development and growth. https://journal.uinmataram.ac.id/index.php/jed/article/view/12662 |
| spellingShingle | Erna Apriani Widiastuti Nani Hartati Rina Nurjanah Abdul Latif Building the "Golden Generation": Understanding the Drivers of Investment Behavior in Gen Z and Millennial Women Journal of Enterprise and Development |
| title | Building the "Golden Generation": Understanding the Drivers of Investment Behavior in Gen Z and Millennial Women |
| title_full | Building the "Golden Generation": Understanding the Drivers of Investment Behavior in Gen Z and Millennial Women |
| title_fullStr | Building the "Golden Generation": Understanding the Drivers of Investment Behavior in Gen Z and Millennial Women |
| title_full_unstemmed | Building the "Golden Generation": Understanding the Drivers of Investment Behavior in Gen Z and Millennial Women |
| title_short | Building the "Golden Generation": Understanding the Drivers of Investment Behavior in Gen Z and Millennial Women |
| title_sort | building the golden generation understanding the drivers of investment behavior in gen z and millennial women |
| url | https://journal.uinmataram.ac.id/index.php/jed/article/view/12662 |
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