Revisiting the Role of Economic Literacy in Frugal Living Behavior: Insights from Adolescent Financial Decision-Making
DOI:
https://doi.org/10.52300/grow.v11i2.24656Keywords:
Economic Literacy, Frugal living, student, financialAbstract
This study examines the relationship between economic literacy and Frugal living behavior among students of SMA Negeri 4 Sintang. The study is based on the phenomenon of the low application of Frugal living behavior among students despite their adequate understanding of basic economic concepts. The research employed a quantitative approach with a correlational method. The population consisted of all students of SMA Negeri 4 Sintang, with a sample of 60 respondents selected through purposive sampling. Data were collected using economic literacy and Frugal living behavior questionnaires that met the requirements of validity and reliability. The analysis showed that students’ level of economic literacy was in the good category with an average score of 79.6, and their Frugal living behavior was also in the good category with an average score of 74.3. The correlation test resulted in an r value of 0.033 with a significance level of 0.805 > 0.05 and a determination value (R²) of 0.001 or 0.50, indicating that there is no significant relationship between the two variables. There is no relationship between economic literacy and frugal living behavior. Students’ thrifty behavior tends to be influenced by social environment, family habits, and consumer lifestyle factors.
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