Proceedings of the 9th Global Conference on Business, Management and Entrepreneurship (GCBME 2024)

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The Influence of Financial Literacy on Debt Management Behavior (Study on Millennial Generation in Bandung)

Authors
Faishal Dzaky Affianto1, *, Maya Sari1
1Universitas Pendidikan Indonesia, Bandung, Indonesia
*Corresponding author. Email: faishaldza19@gmail.com
Corresponding Author
Faishal Dzaky Affianto
Available Online 12 September 2025.
DOI
10.2991/978-94-6463-817-2_33How to use a DOI?
Keywords
Debt Management Behavior; Financial Literacy; Millennial Generation; Sandwich Generation
Abstract

Everyone has needs and desires that must be met to achieve life goals, requiring effort to fulfill them for satisfaction and well-being. The “sandwich generation” is a term that refers to individuals facing financial challenges, particularly financial instability, due to the burden of supporting both older and younger generations. This generation often experiences financial strain from double spending, leading to reliance on debt. The sandwich generation consists largely of millennials, known for their high consumer lifestyle and frequent dependence on debt to satisfy their wants. Financial literacy plays a key role in supporting sound financial planning and management, helping to maintain financial stability and reduce the risk of excessive debt. This research uses a descriptive and verification approach to explore financial literacy’s impact on debt management behavior. A quantitative method was employed, with questionnaires distributed to 270 millennial respondents in Bandung. Simple linear regression analysis showed that financial literacy positively influences debt management behavior, meaning that higher financial literacy correlates with improved debt management behavior.

Copyright
© 2025 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 9th Global Conference on Business, Management and Entrepreneurship (GCBME 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
12 September 2025
ISBN
978-94-6463-817-2
ISSN
2352-5428
DOI
10.2991/978-94-6463-817-2_33How to use a DOI?
Copyright
© 2025 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  - Faishal Dzaky Affianto
AU  - Maya Sari
PY  - 2025
DA  - 2025/09/12
TI  - The Influence of Financial Literacy on Debt Management Behavior (Study on Millennial Generation in Bandung)
BT  - Proceedings of the 9th Global Conference on Business, Management and Entrepreneurship (GCBME 2024)
PB  - Atlantis Press
SP  - 263
EP  - 271
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-817-2_33
DO  - 10.2991/978-94-6463-817-2_33
ID  - Affianto2025
ER  -