Financial Literacy and Social Environment on Saving Behavior

Abstract

This study aims to determine the effect of financial literacy and social environment on savings behavior in students of economics faculty in the State University of Jakarta, partially or simultaneously. This research uses a survey method with a quantitative approach. The population of this research is the college students faculty of economics at State University of Jakarta who runs 3.300 with a sample of 98 students. Data collection using questionnaire containing a question with true-false scale (1-0) and statement with Likert scale. Data analysis technique used descriptive analysis and multiple regression analysis which then processed with SPSS program version 22. The results showed that there is a partial influence between financial literacy on saving behavior and social environment on saving behavior. Simultaneously there is the effect of financial literacy and social environment on savings behavior. The effect of financial literacy and social environment on savings behavior in students faculty of economics at the State University of Jakarta is 50,6%, and the rest of 49,4% is influenced by other factors not examined.