Of Millennials Generation Financial Literacy: A Meta-Analytic Studies

Abstract

During the period from 2030 and 2040, Indonesia will experience a demographic bonus as the population of productive age will make up 60% of the total population. This presents many opportunities for rapid economic growth and development across various economic factors. However, there is a classic problem of unprepared human resources that must be addressed. Public financial literacy remains relatively low, causing many people to make unwise decisions in response to technological advances. While online trans- actions and financial technology provide convenience, they also have nega- tive consequences, such as debt traps, poor investments, and mismanage- ment of finances. So this research confirms the results of previous research on the consequences variables of the millennial-generation financial literacy construct. The number of 60 relevant research journals published on various open-access platforms were collected and analyzed using JASP software. The results of this study showed that there were identified 27 consequences vari- ables with Egger’s test showing the absence of publication bias, the Funnel Plot symmetrical test, and the File Safe N test concluded that the meta-analy- sis research carried out can be scientifically accountable.