The Effect of Financial Literacy on Digital Financial Application Usage Decisions among Generation Z
Keywords:
Financial Literacy, Digital Finance Applications, Usage Decisions, Generation ZAbstract
The development of digital technology has encouraged the increase in the use of digital financial applications among Generation Z. The high adoption rate has not been fully balanced with adequate financial literacy, so it has the potential to affect the quality of financial decision-making. This study aims to analyze the influence of financial literacy on the decision to use digital financial applications in Generation Z. The research uses a quantitative approach with a verifiable descriptive method. Data was obtained from 74 Generation Z respondents through a four-point Likert scale questionnaire. Data analysis was carried out using simple linear regression, t-test, and coefficient of determination. The results of the study showed that financial literacy had a positive and significant effect on the decision to use digital financial applications, with a regression coefficient value of 0.623 and a significance level of 0.000. The Adjusted R Square value of 0.405 shows that financial literacy contributes 40.5% to the influence. These findings indicate that the higher the financial literacy, the more rational and wise Generation Z will be in making decisions to use digital financial applications.
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