Comparative Study of Student Financial Literacy And Its Demographic Factors

Abstract—Results of a survey conducted by Indonesia Financial Services Authority in 2013 showed that only 21.84 percent of Indonesia's population are classified as well literate. Students are one of the components of society, which is quite large and will provide a major influence in the economy because in the future the students will enter the workforce and begin independently included in financial management. The purpose of this study is to obtain empirical evidence regarding demographic factors that influence financial literacy: gender, residency status, parental education, and parental income of students STIE Ekuitas Bandung, Indonesia. In addition, to determine differences in financial literacy beginning-year students of STIE Ekuitas with final-year students. The method used in this study is a comparative descriptive method. Based on the results, there is no difference financial literacy among male and female students and there is no difference in the financial literacy of students who lived alone with a student who lives with his parents. There was no correlation between the parental income levels of financial literacy. And also there was no correlation of parental education and their children's financial literacy. The next one is, there are differences in financial literacy of beginning year students with the final year students. The results of this study are useful for STIE Ekuitas and Indonesia Financial Services Authority in an effort to increase the level of financial literacy of students in accordance with the Nationa