The Influence of Financial Literacy and Reference Group toward Consumptive Behavior Across Senior High School Students
Open Access
- 28 February 2020
- journal article
- Published by Institut Pertanian Bogor in Journal of Consumer Sciences
- Vol. 5 (1), 29-45
- https://doi.org/10.29244/jcs.5.1.29-45
Abstract
Consumptive behavior is the tendency to buy goods or services without rational consideration. This study aims to analyze the influence of financial literacy and reference groups toward consumptive behavior across senior high school students. The study used a cross-sectional design and the research location was selected purposively based on the distance of the school from the shopping center area. Using the self-administered questionnaire, the study involved 125 students of public high school (SMAN) at Bogor City, that is SMAN 3 and SMAN 9. The data were analyzed using descriptive analysis and inferential statistics. The study showed that the level of financial literacy was in the medium category, while the reference group and the level of consumptive behavior were in a low category. Moreover, results indicated a relationship between the characteristics of adolescents, financial literacy, reference groups, and consumptive behavior. The regression test found a significant negative effect of financial behavior toward consumptive behavior. Females were more likely to be more consumptive, while reference groups positively influenced the consumptive behavior of senior high school students.Keywords
This publication has 14 references indexed in Scilit:
- PENDIDIKAN LITERASI KEUANGAN PADA ANAK: Mengapa dan Bagaimana?Scholaria: Jurnal Pendidikan dan Kebudayaan, 2016
- The Effect of Value and Reference Group on Young Consumer’s Hedonic BuyingJournal of Consumer Sciences, 2016
- PENGARUH GAYA HIDUP KONSUMTIF DAN KELOMPOK REFERENSI TERHADAP KEPUTUSAN PEMBELIAN KOSMETIK LOKALJurnal Riset Ekonomi dan Manajemen, 2015
- The role of subjective norms in forming the intention to purchase green foodEconomic Research-Ekonomska Istraživanja, 2015
- The impact of financial management practices and financial attitudes on the relationship between materialism and compulsive buyingJournal of Economic Psychology, 2012
- Financial Literacy among the YoungJournal of Consumer Affairs, 2010
- Materialism among Chinese children in Hong KongYoung Consumers, 2003
- Perceived Behavioral Control, Self‐Efficacy, Locus of Control, and the Theory of Planned Behavior1Journal of Applied Social Psychology, 2002
- An Analysis of Personal Financial Literacy Among College StudentsFinancial Services Review, 1998
- PERILAKU KONSUMTIF BERDASARKAN LOCUS OF CONTROL PADA REMAJA PUTRIPsikologika: Jurnal Pemikiran dan Penelitian Psikologi, 1997