Assessing the mediating role of locus of control on financial literacy, financial attitude, and financial management behavior in Generation Z

Abstract

The purpose of this study was to determine how financial literacy and financial attitudes affect financial management behavior through locus of control in generation Z in Kuningan Regency. Primary data was collected through questionnaires distributed using Google forms.. The secondary data obtained is adjusted to the literature related to the research. The sample in this study is 322 respondents taken using non-probability sampling techniques. The analysis method used in this study is by using Structural Equation Modeling (SEM) Analysis with the help of the SEM AMOS Version 23 program. The results of this study show that financial literacy and financial attitude have a positive and significant effect on financial management behavior. Financial literacy and financial attitude have a positive and significant effect on the locus of control. (5) locus of control has a positive and significant effect on financial management behavior. (6) locus of control can mediate the influence of financial literacy and financial attitude on financial management behavior.