ISSN: 2222-6990
Open access
Knowledge of the basics of finance is very important to every individual, including the millennial generation. Low financial knowledge will lead to poor financial behavior and unsystematic financial management. This will have a negative impact on the millennial generation in managing their daily finances. Therefore, we conducted a study on financial management among the millennial generation in Kampung Baru, Kuala Lumpur. Specifically, the objective of this article is to measure the level of financial knowledge of the millennial generation in Kampung Baru. The research design is quantitative and a questionnaire is used as a research instrument. Data collection involves the application of census sampling techniques. A total of 316 people of the millennial generation became the sample of this study. The data obtained were analyzed descriptively, T-test and ANOVA. The results of the study found that overall, the level of financial knowledge of the millennial generation is at a moderate level. This shows that the millennial generation who are old and highly educated have a better level of financial knowledge. In short, education and skills related to financial basics need to be applied from the beginning, that is when children. This can help increase each individual's level of financial knowledge, ensuring that each generation can achieve financial well-being in life.
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