Quantitative analysis shows financial knowledge positively impacts personal financial management in Generation Z, highlighting the role of locus of control.
Key Points
Financial knowledge significantly drives personal financial management outcomes, showing its importance for Generation Z.
Survey of 325 Generation Z respondents revealed that locus of control mediates the relationship between financial knowledge and management.
Structural Equation Modeling with Partial Least Squares was utilized for data analysis, indicating a methodological approach to financial behavior.
Enhancing financial literacy and internal belief systems supports better financial security and economic well-being for Generation Z.