The Effect Of Financial Education And Financial Stress On Financial Well-Being With The Use Of Financial Technology

Abstract

This study aims to determine the effect of Financial Education and Financial Stress on Financial Well-Being through the Use of Financial Technology. This research is an associative research and the type of data used is quantitative data. The data used were obtained from primary data and secondary data. The analytical method used is descriptive statistical analysis and structural equation modeling. The population and sample in this study were 138 Millennial Generation people in the East Medan District. The sampling technique used was purposive sampling. The results of this study indicate that Financial Education has a negative and not significant effect on Financial Well-Being in the Millennial Generation in Medan City, Financial Stress has a positive and significant effect on Financial Well-Being in the Millennial Generation in Medan City, Financial Education has a positive and significant effect on Use of Financial Technology in the Millennial Generation in Medan City, Financial Stress has a positive and significant effect on Use of Financial Technology in the Millennial Generation in Medan City, Use of Financial Technology has a positive and significant effect on Financial Well-Being in the Millennial Generation in Medan City, Use of Financial Technology is able to mediate the relationship between Financial Education and Financial Well-Being, Use of Financial Technology unable to mediate the effect of Financial Stress on Financial Well-Being.