Peran Literasi Keuangan Digital, Pendidikan, Sikap Keuangan, dan Pendapatan Terhadap Pengelolaan Keuangan Generasi Sandwich di Kabupaten Indramayu
DOI:
https://doi.org/10.35870/jemsi.v12i3.6674Keywords:
Sandwich Generation, Digital Financial Literacy, Financial Attitudes, Income, Financial ManagementAbstract
The phenomenon of the sandwich generation is increasingly prominent in Indramayu Regency with the increasing burden on the family economy and the development of digital financial services. This generation is at a productive age but has to bear the needs of two generations at once, so financial management skills are very crucial. This study aims to examine the influence of the role of digital financial literacy, education, financial attitudes, and income on the management of the sandwich generation in Indramayu Regency . This study applied a quantitative approach with purposive sampling technique on 115 respondents after screening. Data was collected through a Likert scale questionnaire and analyzed using the Partial Least Squares – Structural Equation Modeling (PLS-SEM) method with the help of SmartPLS 4. The results of the study explained that financial attitudes and income have a positive and significant effect on financial management. In contrast, digital financial literacy and education did not show a significant influence. The R-Square value of 0.592 explains that the model has moderate explanatory ability. These findings indicate that behavioral factors and actual economic conditions determine the quality of financial management of the sandwich generation more than formal knowledge and digital literacy.
Downloads
References
Abdallah, W., Tfaily, F., & Harraf, A. (2025). The impact of digital financial literacy on financial behavior: Customers’ perspective. Competitiveness Review, 35(2), 347–370. https://doi.org/10.1108/CR-11-2023-0297.
Bhat, S. A., Lone, U. M., SivaKumar, A. K., & Krishna, U. M. G. (2025). Digital financial literacy and financial well-being: Evidence from India. International Journal of Bank Marketing, 43(3), 522–548. https://doi.org/10.1108/IJBM-05-2024-0320.
Dapang, M., Hasibuan, M. C. A., & Syafira, Z. (2024). Studi literatur perbandingan kemampuan generasi sandwich dengan generasi non-sandwich terhadap perilaku pengelolaan finansial. Jurnal Bela Negara, 1(2), 22–31. https://doi.org/10.70377/jbn.v1i2.5503.
Dewi, I. P., Darmawan, D., Hadiyanti, P., & Wibowo, S. (2024). Financial literacy as retirement financial planning for the community in Bulak Village. JACOM: Journal of Community Empowerment, 2(2), 108–119.
Henseler, J., Ringle, C. M., & Sarstedt, M. (2015). A new criterion for assessing discriminant validity in variance-based structural equation modeling. Journal of the Academy of Marketing Science, 43(1), 115–135. https://doi.org/10.1007/s11747-014-0403-8.
Johan, I., Rowlingson, K., & Appleyard, L. (2021). The effect of personal finance education on the financial knowledge, attitudes, and behavior of university students in Indonesia. Journal of Family and Economic Issues, 42(2), 351–367. https://doi.org/10.1007/s10834-020-09721-9.
Kamil, M. I., Ahmad, G. N., & Widyastuti, U. (2024). Determinan keputusan investasi: Studi pada generasi sandwich. Journal of Business Application, 3(1), 19–31. https://doi.org/10.55098/jba.v3.i1.p19-31.
Kanth, D., & Sinha, A. R. (2025). Does financial literacy of rural women entrepreneurs influence their financial well-being? Journal of Entrepreneurship in Emerging Economies. https://doi.org/10.1108/JEAS-05-2025-0253.
Khan, K. A., Akhtar, M. A., & Jana, P. (2026). Demystifying the role of risk tolerance, economic hardship, and financial literacy on microentrepreneurs. Management Research Review. https://doi.org/10.1108/MSAR-02-2025-0075.
Korankye, T. (2025). Enhancing financial self-efficacy through financial literacy: Leveraging financial education mandates as an instrument variable to examine causal pathways. International Journal of Bank Marketing. https://doi.org/10.1108/IJBM-06-2025-0411.
Kumar, P. (2025). Do financial socialization, financial behavior, and knowledge determine consumers’ attitude and behavioral intention toward buy-now-pay-later (BNPL) usages? Journal of Financial Services Marketing. https://doi.org/10.1108/JFRC-11-2024-0237.
Laila, M. N., & Yudiantoro, D. (2024). Pengaruh tingkat pendidikan, pendapatan, dan pengetahuan keuangan terhadap perilaku pengelolaan keuangan keluarga di Desa Jeding Kecamatan Sanankulon Kabupaten Blitar. El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam, 5(4), 1913–1922. https://doi.org/10.47467/elmal.v5i4.812.
Lusardi, A., & Streeter, J. L. (2023). Financial literacy and financial well-being: Evidence from the US. Journal of Financial Literacy and Wellbeing, 1(2), 169–198. https://doi.org/10.1017/flw.2023.13.
Novilia, F., Faddila, S. P., Purnomo, B. S., & Purnamasari, I. (2023). The effect of financial attitude on financial satisfaction with financial management as mediator: Empirical evidence on Gen Z in Karawang. In West Science Accounting and Finance (Vol. 1, Issue 03, pp. 166–173). https://doi.org/10.58812/wsaf.v1i03.419.
Rahayu, R. (2022). Analisis faktor-faktor yang mempengaruhi tingkat literasi keuangan digital: Studi pada generasi Z di Indonesia. Reviu Akuntansi Dan Bisnis Indonesia, 6(1), 74–87. https://doi.org/10.18196/rabin.v6i1.14268.
Sadjaya, N. T. (2020). Jurnal ekonomi dan bisnis Islam. Jurnal Ekonomi Dan Bisnis, 4(2), 273–284.
Salsabila, F., & Azhar, Z. (2023). Dampak pertumbuhan ekonomi terhadap ketimpangan pendapatan dan kemiskinan di Indonesia. Arzusin, 3(4), 465–480. https://doi.org/10.58578/arzusin.v3i4.1225.
Sampoerno, A. E., & Haryono, N. A. (2021). Pengaruh financial literacy, income, hedonism lifestyle, self-control, dan risk tolerance terhadap financial management behavior pada generasi milenial Kota Surabaya. Jurnal Ilmu Manajemen, 9(3), 1002–1014.
Saputra, A. W., Oktavia, V., Samasta, A. S., & Kusuma, P. J. (2025). Peran literasi keuangan, tingkat pendidikan, dan pendapatan terhadap pengelolaan keuangan generasi sandwich. Paradoks: Jurnal Ilmu Ekonomi, 8(1), 436–455. https://doi.org/10.57178/paradoks.v8i1.1134.
Sari, A. A., & Sasanti, E. E. (2024). Pengaruh pendapatan, financial attitude, financial knowledge, self-efficacy, dan self-control terhadap pengelolaan keuangan. Jurnal Risma, 4(3), 469–488.
Shakila, J. W., & Hariyanto, D. (2024). The influence of digital literacy, financial attitudes, and income on the financial management of working women in Pontianak City. Jurnal Ekonomi dan Bisnis Islam, 5(2), 39–49.
Stefano, J., & Pardo, D. (2025). Financial literacy for women’s empowerment in emerging countries: What can we do to overcome the current gaps? Academy of Management Perspectives. https://doi.org/10.1108/ARLA-04-2025-0116.
Yadav, M., Banerji, P., & Garg, A. (2025). Digital financial literacy and retirement planning with mediating effect of saving behaviour. American Journal of Business, 40(3), 127–143. https://doi.org/10.1108/ajb-12-2023-0221.
Yusnita, N., Gursida, H., & Herlina, E. (2022). The role of work-life balance and job satisfaction as predictors of organizational commitment. Jurnal Economia, 18(1), 103–114. https://doi.org/10.21831/economia.v18i1.40236.
Zaimovic, A. (2026). The nexus between digital financial knowledge and financial inclusion: Digital financial attitudes and behaviour as mediators enhancing. International Journal of Bank Marketing, 27, 2022–2024. https://doi.org/10.1108/IJBM-01-2024-0053.
Downloads
Published
Issue
Section
License
Copyright (c) 2026 Rosita Rosita, Pradana Jati Kusuma, Rudi Kurniawan, Amalia Nur Chasanah
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors who publish with this journal agree to the following terms:
1. Copyright Retention and Open Access License
Authors retain copyright of their work and grant the journal non-exclusive right of first publication under the Creative Commons Attribution 4.0 International License (CC BY 4.0).
This license allows unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
2. Rights Granted Under CC BY 4.0
Under this license, readers are free to:
- Share — copy and redistribute the material in any medium or format
- Adapt — remix, transform, and build upon the material for any purpose, including commercial use
- No additional restrictions — the licensor cannot revoke these freedoms as long as license terms are followed
3. Attribution Requirements
All uses must include:
- Proper citation of the original work
- Link to the Creative Commons license
- Indication if changes were made to the original work
- No suggestion that the licensor endorses the user or their use
4. Additional Distribution Rights
Authors may:
- Deposit the published version in institutional repositories
- Share through academic social networks
- Include in books, monographs, or other publications
- Post on personal or institutional websites
Requirement: All additional distributions must maintain the CC BY 4.0 license and proper attribution.
5. Self-Archiving and Pre-Print Sharing
Authors are encouraged to:
- Share pre-prints and post-prints online
- Deposit in subject-specific repositories (e.g., arXiv, bioRxiv)
- Engage in scholarly communication throughout the publication process
6. Open Access Commitment
This journal provides immediate open access to all content, supporting the global exchange of knowledge without financial, legal, or technical barriers.
