1Langgeng Pinaring,2Yuniningsih Yuniningsih,3Ira Wikartika
1,2,3Faculty of Economics and Bussiness, Universitas Pembangunan Nasional “Veteran” Jawa Timur, Indonesia
DOI : https://doi.org/10.47191/ijmra/v6-i4-40Google Scholar Download Pdf
ABSTRACT:
The growing elderly dependency ratio in Indonesia has led to the emergence of the sandwich generation. Generations that share their resources with their families and aging parents. This study aims to determine the effect of financial literacy, risk tolerance, and overconfidence on sandwich generation investment decisions. Collecting data in this study using the method of distributing questionnaires and analyzed using the Partial Least Square (PLS) application. The results of this study are financial literacy are not a significant influence to the investment decision. Risk tolerance and overconfidence has positif influence on investment decision sandwich generation.
KEYWORDS:Sandwich Generation; Investment Decision, Financial Literacy, Overconfidence, Risk Tolerance
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VOLUME 06 ISSUE 04 APRIL 2023
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