Peran Moderasi Perceived Income Adequacy Terhadap Pengaruh Financial Knowledge, Financial Attitude, Financial Self-Eficacy, Terhadap Financial Management Behavior Gen Z Di Kota Surabaya

Abstract

The advancement of digital technology and the rising use of e-wallets have altered the financial behavior of Generation Z, making financial management skills increasingly crucial to avoid consumptive habits. This study aims to analyze the influence of financial knowledge, financial attitude, and financial self-efficacy on financial management behavior, with perceived income adequacy serving as a moderating variable among Generation Z in Surabaya. A quantitative approach utilizing purposive sampling was employed. Data were collected via questionnaires from 202 Generation Z respondents (aged 17–29) residing in Surabaya and subsequently analyzed using SmartPLS-based Structural Equation Modeling (SEM). The results indicate that financial knowledge, financial attitude, and financial self-efficacy have a positive and significant impact on financial management behavior. However, perceived income adequacy does not moderate the influence of these factors on financial management behavior. This suggests that an individual's perception of income adequacy neither strengthens nor weakens the relationship between these factors and the financial management behavior of Generation Z.