Abstract
The purpose of this study was to explain the effect of economic literacy towards students’ consumption behavior, effect of peer groups towards students’ consumption behavior and effect of parents sosioeconomic status toward students’ consumption behavior. The research location was conducted in SMAN Selong City, East Lombok, NTB. This research uses a quantitative approach because the research data using statistics and SPSS. The population in this study amounted to 308, and the study sample consisted of 174 students taken by proportional area random sampling. Data on research results obtained through questionnaires and tests, data analysis techniques using quantitative descriptive, testing requirements analysis, and testing hypotheses. The results of this study show that there is positive and significant effect of economic literacy towards students’ consumption behavior, there is  positive and significant effect of peer groups towards students’ consumption behavior, and there is significant effect on parents' socioeconomic status towards students’ consumption behavior. The conclusion of this study states that there is a positive and significant influence of the variables of economic literacy, peer groups, and parents sosioeconomic status towards students’ consumption behavior.
Highlights
The purpose of this study was to explain the effect of economic literacy towards students’ consumption behavior, effect of peer groups towards students’ consumption behavior and effect of parents sosioeconomic status toward students’ consumption behavior
This value indicates that 16.0% of the students’ consumption behavior in SMAN Selong City is influenced by economic literacy, peer groups, and socioeconomic status of parents while the remaining 84% is influenced by other variables not examined in this study
Due to the value of t
Summary
From the Slovin sample formula at a 5% error level obtained a minimum sample size of 174 students. Linearity test is used to determine whether the relationship between independent variables and the dependent variable has a linear relationship or not. Multicollinearity between independent variables occurs when the correlation coefficient between independent variables is equal to or greater than 0.800 (Hadi, 2004). This step is used to test whether the regression model discussed has different residual variances from one observation case to another. If Fcount is greater than or equal to Ftable, there is a significant influence between the independent variables on the dependent variable. If the Fcount is smaller than Ftable, the influence of the independent variables on the dependent variable is not significant. Effective contribution is used to determine the effective contribution of each predictor to the criterion while still observing other independent variables not examined
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