The Independence of Civil Servant (ASN) through Financial Literacy [Kemandirian Aparatur Sipil Negara (ASN) Melalui Literasi Keuangan]

Ratna Komara, Arie Widyastuti, Layyinaturrobaniyah Layyinaturrobaniyah


One of the biggest issue for employees who are facing the retirement age lays around economic security during their pension years. This is due to the amount of pension funds which is often considered insufficient to cover the golden years, since the living costs are increasing over time, while the productivity is declining, hence it would be challenging to maintain standard of living. Therefore, it is considered important to have sufficient knowledge of financial literacy so that an individual can minimize the economic hardship during their prime years of working as well as in living their retirement year. This paper aimed to determine whether financial literacy has impact to financial behavior among the public servants in Bandung West Java, with the total sample comprised 324 respondents. Our main findings are the following (1) on average the level of both financial literacy and financial behavior of government employees in Bandung are in good category (2) demographic profiles such as education and career level have significant correlation with the level of financial literacy (3) financial literacy has a positive relationship with financial behavior at 1% significance level.]


Financial Literacy; Financial Behavior; Financial Decision Making

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