The Need for Financial Literacy Education for University Students in Indonesia

Authors : Budi Setiawan; M. Yunus

Volume/Issue : Volume 6 - 2021, Issue 12 - December

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The purpose of the financial literacy education program is to provide basic finance skills and increase the financial inclusion of the younger generation, especially Indonesian students. Financial training includes knowledge of inflation, numeracy and compound interest, and risk diversification. The objects of financial literacy training are students in Palembang from various universities, both public and private. The study finds that students' knowledge of numeracy and inflation is relatively higher than risk diversification. This training is also in line with the goal of the Indonesian government, which targets public financial literacy above 75%. In the future, students who have attended the training can apply basic financial knowledge in making financial planning and decision.

Keywords : Financial Literacy, Risk Diversification, Financial Decision.


Paper Submission Last Date
30 - June - 2023

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