THE INFLUENCE OF FINANCIAL LITERACY AND PARENTS' INCOME ON FINANCIAL MANAGEMENT THROUGH FINANCIAL INCLUSION AS AN INTERVENING VARIABLE (Case Study on Management Students of PGRI University Semarang Class of 2021)

Abstract

This study aims to analyze the influence of financial literacy and parents' income on students' financial management, with financial inclusion as an intervening variable. Data were collected from 172 students of the Management Study Program, Universitas PGRI Semarang, class of 2021, through an online questionnaire and analyzed using the Partial Least Square (PLS) method with SmartPLS 4 software. The results show that financial literacy significantly affects both financial inclusion and financial management. Parents' income influences financial inclusion but not financial management directly. Financial inclusion mediates the relationship between both financial literacy and parents' income on students' financial management.

Keywords: financial literacy, parent’s income, financial management, financial inclusion, students.