Analysis of the Difference of Financial Literacy between Men and Women

Abstract

Financial literacy is important in human life. Not only for adult who have income but also for student. Student is one of the components of society that are considerable in number, who has the ability and academic achievement so that they are considered capable of reasoning an economic problem appropriately. Male and female students is influenced by intrinsic and extrinsic factors that have different behaviors in looking at each of the financial problems being faced. This research aims to analyze whether there are differences in the level of understanding of financial literacy in the form of general knowledge, savings, insurance and investment between male and female students of Faculty of Economics of 2013 at Universitas Negeri Malang. Data processing of this research using a test independent sample T-test with the number of samples 314 respondents. The result of data processing shows that gender is not a differentiating factor the level of financial literacy in the form of general knowledge, but the differentiating factor the level of financial literacy in the form of savings, insurance, and investments.

Keywords: Financial Literacy, Knowledge, Saving, Insurance, Investment, Gender.