Changes In Financial Management Behavior Of The Millennial Generation As An Implication Of The Rising Of The Covid-19 Pandemic In Indonesia

Istan, Muhammad (2022) Changes In Financial Management Behavior Of The Millennial Generation As An Implication Of The Rising Of The Covid-19 Pandemic In Indonesia. The Seybold Report, 17 (11). pp. 1126-1171. ISSN 1533-9211

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Abstract

Abstract As a generation that is in productive age, the millennial generation is a generation that has a significant role in controlling the wheels of development in Indonesia, especially in the economic field. But unfortunately, the millennial generation is also known as a very wasteful generation because of its lifestyle. The emergence of a pandemic then affects the community’s economic conditions, including the millennial generation. This research was carried out to see how changes in financial management behavior during the pandemic for the millennial generation. This research will be conducted with a qualitative approach and data obtained through a literature study. This study found that millennials could reduce their wasteful nature during the pandemic and allocate their funds for more urgent and adaptive needs. Then the impact of the pandemic also provides better financial literacy for the millennial generation on their financial management behavior. Keywords: Covid-19 Pandemic, Millennial Generation, Financial Management.

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