An Analysis of Financial Literacy and Household Saving among Fishermen in Indonesia

Hidajat, Taofik

doi:10.5901/mjss.2015.v6n5s5p216

Cited by 11 publications

(10 citation statements)

References 31 publications

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“…(Yushita, 2017). This is in line with what (Hidajat, 2015) said that financial literacy does play an important role for a region or a country to foster people to understand about various financial service institutions and financial instruments that are available. Furthermore, in the third indicator, knowledge about insurance found that the informants only knew about insurance in general.…”

Section: Figure 2 Financial Literacy Farmers Must Havesupporting

confidence: 77%

Financial Literacy Study of Urban Farmers in Makassar City

Sasmita

Hasan

Kamaruddin

et al. 2022

Quant. Econ. Manag. Stud.

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The tendency of people to make purchases without paying attention to financial principles has resulted in people being irrational in buying necessities, especially farmers in farmer women’s group Anggrek. This study aims to examine the level of financial literacy of urban farming entrepreneurs, especially in farmer women’s group Anggrek, Bara – Baraya Village, Makassar District, Makassar City. The research method used is descriptive qualitative, with data collection techniques through observation and interviews. The data analysis technique used in the research is data reduction, the next is data presentation, after that draw conclusions. The informants in this study used purpositive sampling, the informants in this study were 4 people who were farmers at farmer women’s group Anggrek. And to determine the level of financial literacy of urban farming entrepreneurs, especially in the Anggrek Women Farmer Group, there are 4 indicators studied in this study, namely 1) Knowledge of finance 2) Knowledge of Savings and Loans 3) Knowledge of Insurance and 4). Knowledge of Investment. The results of the study explain that the overall level of financial literacy of farmers in farmer women’s group Anggrek still needs to be improved, although knowledge about finance and savings, and loans is quite good, but trust and use of financial institutions, insurance and investment are still very limited. So it is necessary to increase financial literacy for farmers, especially in farmer women’s group Anggrek.

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Section: Figure 2 Financial Literacy Farmers Must Havesupporting

confidence: 77%

Financial Literacy Study of Urban Farmers in Makassar City

Sasmita

Hasan

Kamaruddin

et al. 2022

Quant. Econ. Manag. Stud.

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“…Literasi keuangan berperan sangat penting dalam sebuah negara maupun daerah untuk membina masayarakat yang paham tentang lembaga jasa keuangan dan instrumen keuangan yang tersedia. Masyarakat yang paham tentang literasi keuangan akan berdampak terhadap kemakmurannya dan kesejahterannya (Hidajat, 2015). Faktor ini disebabkan karena masyarakat mampu mengelola keuangan secara efektif dan tepat sasaran.…”

Section: Manfaat Literasi Keuangan Bagi Masyarakat Agrarisunclassified

Strategi Peningkatan Literasi Dan Inklusi Keuangan Bagi Masyarakat Agraris Di Kawasan Pedesaan

Fahlevi¹,

Yusnaidi

Irmalis³

2021

JBKAN

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The government's objective to increase financial literacy and inclusion should be supported by the stakeholders. The increasing of financial inclusion and literacy play important role to generate community livelihood. Currently, the level of financial inclusion and literacy in Indonesia are diverse. It depends on many factors such as where they are living, in urban area or country site. In urban areas, the financial literacy index reaches 41.41 percent and the level of financial inclusion reaches 83.60 percent. On the other hand, in rural areas the financial literacy index only 34.53 percent and the level of financial inclusion only reaches 68.49 percent. These statistics information show the lack of financial inclusion and literacy among rural community who most of them work as farmers and fishermans. Therefore this research is conducted through desk research methods to examine factors which cause the lack of financial inclusion and literacy within agrarian society. The research offers the strategic plan to improve financial inclusion and literacy index within three years period, which are devided into three phases. The first one is called as the phase of educating coomunity, the second phase is the penetration of financial institution and the last phase is expanding the access of financial services to the agrarian society. This road map is one of the alternative strategy that could be adopt to improve the financial inclusion and literacy and to support government development program.

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“…Several studies on financial literacy have been conducted to find out financial literacy relationships with financial decisions. For example, financial literacy affects investment decisions such as investing in derivatives instruments (Hsiao & Tsai, 2018), capital market (Van Rooij et al, 2011), retirement planning (Van Rooij et al, 2012;Boisclair et al, 2017), saving (Hidajat, 2015), insurance (Mahdzan & Victorian, 2013), home ownership (Gathergood & Weber, 2017) and so on, it might be assumed that: H1: Social economic characteristics influences financial literacy. H2: Financial literacy influences the investments decision through Ponzi and pyramid scheme.…”

Section: Hypothesis Developmentmentioning

confidence: 99%

Financial Literacy, Ponzi and Pyramid Scheme in Indonesia

Hidajat

2018

JDM

Self Cite

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The aim of this research is to examine empirically the influence of financial literacy on investment decisions through ponzi and pyramid schemes. Variables embedded were Social Economic Characteristics, Financial Literacy and Investments Decision. The population of this study were the people who invest their money through a Ponzi scheme and pyramid scheme. The sampling method applied was a snowball sampling of 43 respondents. Based from the research result, it was concluded that social economic characteristics, positively influences financial literacy. While, financial literacy influenced investment decision through ponzi and pyramid schemes. It is freaky because the people with good financial literacy (job occupation, education, gender and income) are still trapped under these junk investment trick modes. It was assumed that there were the other factors as the example, psychological factor like individual greed that influenced the financially literate people to invest through both junk investment schemes. It was also suggested a modification in financial literacy measuring because the existing financial literacy measuring tools had not been able to accommodate the understanding of ponzi and pyramid scheme investment.

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An Analysis of Financial Literacy and Household Saving among Fishermen in Indonesia

Abstract: Financial literacy literatures suggested that people in many countries

Cited by 11 publications

References 31 publications

Financial Literacy Study of Urban Farmers in Makassar City

Financial Literacy Study of Urban Farmers in Makassar City

Strategi Peningkatan Literasi Dan Inklusi Keuangan Bagi Masyarakat Agraris Di Kawasan Pedesaan

Financial Literacy, Ponzi and Pyramid Scheme in Indonesia

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