Track: Business Management

Abstract

Millennials are considered capable of working and earning. Millennial Generation has the burden to bear the progress or failure of an economy in the area because Millennial Generation plays an important role which will later become the next generation from the previous generation. Mistakes in managing finances often occur in Millennial Generation, such as not making payments, running out of income for a lifestyle, not having an emergency fund, and others. This causes the Millennial Generation to experience financial problems that have an impact on financial satisfaction.

The purpose of this study is to determine the financial level of the Millennial generation. The research sample was 400 respondents. The independent variable consists of financial knowledge and financial behavior, while the dependent variable in this study is financial satisfaction. The research method used is a quantitative method with a Likert scale as a measurement. The sampling technique used in this study was purposive sampling. The data analysis method used in this research is Structural Equation Modeling (SEM) and is processed using SmartPLS. 

Keywords: Financial Knowledge, Financial Behavior, Financial Satisfaction, Millennial Generation