The Effect of Financial Literacy, Financial Well-Being, Financial Inclusion, and Individual Modernity on Students' Consumptive Behavior

Abstract

This study aims to investigate the impact of financial literacy, financial well-being, financial inclusion, and individual modernity on the consumer behavior of college students. This research is a cross-sectional study. The data collection used a questionnaire. The study population consisted of active undergraduate students at the National Development University "Veteran" in Yogyakarta, with a total of 100 respondents. The data analysis technique used multiple regression analysis. The study concluded that financial well-being had a significant negative effect on student consumptive behavior, while financial literacy, financial inclusion, and individual modernity did not affect student consumptive behavior.