Proceedings of the 7th FIRST 2023 International Conference on Global Innovations (FIRST-T3 2023)

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The Impact of Financial Literacy and Saving Behavior on Financial Well-Being: Evidence Among Women in Burai Village

Authors
Agnes Monika1, Marieska Lupikawaty1, *, Sari Lestari Zainal Ridho1, Dewi Fadila1, Claudya Nurcahaya1, Welan Mauli Angguna1, Sayyid Fawwazi1
1Business Administration Department, Politeknik Negeri Sriwijaya, Palembang, Indonesia
*Corresponding author. Email: marieska@polsri.ac.id
Corresponding Author
Marieska Lupikawaty
Available Online 29 February 2024.
DOI
10.2991/978-2-38476-220-0_11How to use a DOI?
Keywords
Financial Well-being; Financial Literacy; Saving Behavior; Women
Abstract

This research aims to explain the relationship between financial literacy and the financial well-being of women. Several previous theories concluded that there was a gap in financial well-being between women and men. Women are less likely to successfully raise additional funds than men, and women tend to rely more on family and friends as a source of support when facing the unexpected. This research was tested using non-experimental quantitative methods through a field survey of 97 female living in Burai Village, South Sumatra. Financial well-being is measured using the CFPB Financial Well-Being Scale. The research results show that financial literacy and saving behavior simultaneously influence the financial well-being of women in the village. However, if we look specifically at saving behavior, it is stronger than the level of financial literacy in predicting women’s financial well-being. The results of this research are different from previous research in that women in Burai have independence in financial well-being, and could be a gap for further research to analyze the relationship between financial literacy and financial well-being using the savings behavior mediation test.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 7th FIRST 2023 International Conference on Global Innovations (FIRST-T3 2023)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
29 February 2024
ISBN
10.2991/978-2-38476-220-0_11
ISSN
2352-5398
DOI
10.2991/978-2-38476-220-0_11How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Agnes Monika
AU  - Marieska Lupikawaty
AU  - Sari Lestari Zainal Ridho
AU  - Dewi Fadila
AU  - Claudya Nurcahaya
AU  - Welan Mauli Angguna
AU  - Sayyid Fawwazi
PY  - 2024
DA  - 2024/02/29
TI  - The Impact of Financial Literacy and Saving Behavior on Financial Well-Being: Evidence Among Women in Burai Village
BT  - Proceedings of the 7th FIRST 2023 International Conference on Global Innovations (FIRST-T3 2023)
PB  - Atlantis Press
SP  - 92
EP  - 98
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-220-0_11
DO  - 10.2991/978-2-38476-220-0_11
ID  - Monika2024
ER  -