Abstract: Background: The article evaluates the impact of financial literacy on the risk of indebtedness of generation Z.
Materials and Methods: A survey was carried out with 577 respondents from different regions of Brazil. The analysis techniques used were descriptive statistics, factorial analysis and multiple regression.
Results: The greatest impact on reducing debt risk was financial literacy. Higher income and schooling and owning their own home also contribute to reducing the risk. When evaluating the three dimensions of financial literacy, it was found that attitude and financial behavior have very close impacts on reducing the propensity to indebtedness and greater than the impact of financial knowledge......
Key Word: Financial Literacy; Generation Z; Risk of Indebtedness; Financial Education; Personal Finance
[1]. Abala, V. (2023), "Household Debt Is 78.3% In June, Points Out CNC." Brazil Agency.
Https://Agenciabrasil.Ebc.Com.Br/Economia/Noticia/2023-05/Endividamento-Atinge-783-Das-Familias-Brasileiras-Diz-Cnc (Accessed 23 June 2023)
[2]. Abrantes-Braga, F. D. M., And Veludo-De-Oliveira, T. (2020), "Help Me, I Can't Afford It! Antecedents And Consequence Of Risky Indebtedness Behavior", European Journal Of Marketing, Vol. 54 No. 9, Pp.2223-2244.
[3]. Abdullah, N., Fazli, S. M., And Muhammad Arif, A. M. (2019), "The Relationship Between Attitude Towards Money, Financial Literacy And Debt Management With Young Worker's Financial Well-Being", Pertanika Journal Of Social Sciences And Humanities, Vol. 27 No.1.
[4]. Alejo, A., Jenkins, R., Reuge, N., And Yao, H. (2023), "Understanding And Addressing The Post-Pandemic Learning Disparities", International Journal Of Educational Development, Vol.102, 102842.
[5]. Aw, E. C. X., Cheah, J. H., Ng, S. I., And Sambasivan, M. (2018), "Breaking Compulsive Buying-Financial Trouble Chain Of Young Malaysian Consumers," Young Consumers, Vol. 19 No. 3,Pp.328-344.