Financial Literacy, Individual Characteristic and Financial Inclusion: A Study on Lecturers in Palembang

Abstract

This study aims to analyze the effect of financial literacy, gender, age, income, and education on financial inclusion. This research involves university lecturers in the city of Palembang. The snowball sampling technique was used in this study and a total of 153 questionnaire forms were returned and could be processed. Hypothesis testing using multiple linear regression and SPSS assistance. The results showed that financial literacy and income had a positive and significant effect on financial inclusion, while other variables, namely gender, age, and education had no significant effect on financial inclusion. The implication is that the government through the Financial Services Authority (OJK) still needs to educate university lecturers in Palembang, especially those with below-average income, with the hope that the financial literacy of lecturers in Palembang will increase and all lecturers, especially those with low incomes, so that they have sufficient knowledge. to take the decision to have a financial product from a formal financial institution.

Academic community's investment decision in sharia stock market: The impact of financial literacy

“…Financial literacy is about one's ability and confidence to consider short-term and long-term planning because economic conditions constantly change (Remund, 2010). This condition requires information that the public must understand to decide because it is related to financial consequences (Soejono & Mendari, 2022).…”