Student Financial Literacy: A Review of Gender Differences and Parent’s Income

Abstract

Competition in 21st-century society is very tight. To survive the competition that occurs, there is a solution to develop: financial literacy. Indonesia is one of the countries that are relatively low on financial literacy com-pared to other countries, according to The World Bank survey results in 2015. Today, the phenomenon shows that youth financial management is still low, especially at the high school / vocational level. The purpose of this study was to determine whether there were differences in financial literacy according to gender and par-ents' income in Sepatan District. This study uses a quantitative comparative method, with a sample of 371 students using Proportionate Stratified Random Sampling on state and private high school students in Sepatan District. Data collection instruments employed questionnaires in the form of student personal data. The results showed that: (1) the level of students' financial literacy is in the medium category; (2) there is no difference in students' financial literacy according to gender and parents' income.