Financial education, financial literacy, and financial Behaviour What does really matter?

摘要

This study aims to determine the effect of financial education, financial literacy, and financial behaviour from teacher’s perspective. Primary data were obtained using questionnaire to measure all variables by surveying 96 teachers of senior high school and vocational school in Greater Jakarta, Indonesia. Due to the different scales in measuring the variables, data were analysed using Structural Equation Model-Partial Least Square. The findings conclude that there was a positive relationship between financial literacy and financial behaviour, but financial education had an insignificant effect on financial behaviour and financial literacy.