Skip to main content

ORIGINAL RESEARCH article

Front. Educ.
Sec. Mental Health and Wellbeing in Education
Volume 9 - 2024 | doi: 10.3389/feduc.2024.1460374
This article is part of the Research Topic Psychoeducational Approaches to Mental Health for Educators and Students View all articles

Fostering Financially Savvy Generations: The Intersection of Financial Education, Digital Financial Misconception and Parental Wellbeing

Provisionally accepted
Feibry Feronika Wiwenly Senduk Feibry Feronika Wiwenly Senduk 1*Ery Tri Djatmika Ery Tri Djatmika 1Hari Wahyono Hari Wahyono 1Madziatul Churiyah Madziatul Churiyah 1Omar Mahasneh Omar Mahasneh 2Paul Arjanto Paul Arjanto 3
  • 1 State University of Malang, Malang, Indonesia
  • 2 Al-Balqa Applied University, Al-Salt, Balqa, Jordan
  • 3 University of Pattimura, Ambon, Maluku, Maluku, Indonesia

The final, formatted version of the article will be published soon.

    Amid rapid technological advancements and the proliferation of digital financial services, this research underscores the critical importance of financial literacy as a foundational element for making informed financial decisions and managing the complexities associated with modern financial environments. This study examines the impact of personal financial education on financial management behavior, digital financial misconceptions, and parental well-being among high school students in Indonesia using Structural Equation Modeling (SEM). The findings reveal that effective financial education not only enhances students' financial management capabilities but also plays a significant role in reducing digital financial misconceptions and improving parental well-being. By implementing robust financial education programs in schools, this study demonstrates the potential for significantly improving financial behaviors and decision-making among youth. Furthermore, the research highlights the necessity of integrating financial education into the curriculum to equip future generations with the skills required to navigate increasingly complex financial markets successfully. The results advocate for policy interventions that prioritize financial literacy education to foster economic stability and well-being at both individual and societal levels.

    Keywords: Financial education, Digital Financial Literacy, youth financial behavior, Parental well-being, Structural Equation Modeling

    Received: 06 Jul 2024; Accepted: 08 Aug 2024.

    Copyright: © 2024 Senduk, Djatmika, Wahyono, Churiyah, Mahasneh and Arjanto. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.

    * Correspondence: Feibry Feronika Wiwenly Senduk, State University of Malang, Malang, Indonesia

    Disclaimer: All claims expressed in this article are solely those of the authors and do not necessarily represent those of their affiliated organizations, or those of the publisher, the editors and the reviewers. Any product that may be evaluated in this article or claim that may be made by its manufacturer is not guaranteed or endorsed by the publisher.