The Role of Financial Experience in Driving Investment Decisions with Financial Knowledge as Mediation Variable

Abstract

The multiple financial burdens of an individual's life usually become a chain that is difficult to break. The decision to be able to release this chain to the next generation is by how an individual must start thinking about being able to survive in retirement without having to give financial burdens to their descendants. One of the options for generations that experience multiple financial burdens is to invest early. The decision to invest must be based on experience and knowledge of good and adequate finance to minimize the risks that can occur. This study examines how financial experience affects investment decisions through financial knowledge. The sample in this study amounted to 200 respondents who were individuals who had multiple financial burdens or the sandwich generation. This study provides results that financial experience affects investment decisions through financial knowledge.