Pengaruh Financial Education dan Financial Stress terhadap Financial Well-Being dengan Use of Financial Technology Ssebagai Variabel Intervening (Studi Kasus pada Masyarakat Generasi Milineal Kota Medan Kecamatan Medan Timur)

Abstract

This research aims at determining effects of Financial Education and Financial Stress on Financial Well-Being through the Use of Financial Technology. This associative research uses quantitative data sourced from primary data and secondary data. The analytical method used is descriptive statistical analysis and structural equation modeling. The sample in this research comprises 138 Millennial Generations in Medan Timur Subdistrict by applying purposive sampling technique. The research results indicate that Financial Education has negative and insignificam effects on Financial Well-Being in the Millennial Generation in Medan. Financial Stress has positive and significant effects on Financial Well- Being in Millennial Generation in Medan, Financial Education has positive and significant effects on the Use of Financial Technology in the Millennial Generation in Medan, Financial Stress has positive and significant effects on the Use of Financial Technology in the Millennual Generation in Medan, the Use of Financial Technology has positive and significant effects on Financial Well-Being in the Millennial Generation in Medan. The Use of Financial Technology is able to mediate the correlation between Financial Education and Financial Well-Being however, the Use of Financial Technology is unable to mediate the effects of Financial Stress on Financial Well-Being