Analysis Of The Influence Of Financial Literacy, Lifestyle, And Locus Of Control On Student Consumptive Behavior With Financial Attitude As An Intervening Variable
Abstract
This study aims to analyze the influence of financial literacy, lifestyle, and locus of control on consumptive behavior, with financial attitude as an intervening variable. (a case study of financial management students at Universitas Pembangunan Panca Budi). The research employs a quantitative approach with a causal-associative design. Data were collected via Likert-scale questionnaires distributed to 71 respondents using a saturated sampling technique. Data analysis was conducted using the Structural Equation Modeling–Partial Least Squares (SEM-PLS) method with SmartPLS software. The results indicate that financial literacy, lifestyle, and locus of control have a positive and significant effect on both financial attitude and consumptive behavior. Furthermore, financial attitude has a positive and significant impact on consumptive behavior and exerts the strongest influence among the variables studied. Mediation analysis reveals that financial attitude significantly mediates the effects of financial literacy, lifestyle, and locus of control on consumptive behavior. An R-Square value of 0.710 indicates that 71% of the variance in consumptive behavior is explained by the variables in this study, while an R-Square value of 0.514 indicates that 51.4% of the variance in financial attitude..
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