Financial Literacy Skills of Housewives in Managing Family Finances

Abstract

The financial literacy ability of housewives describes the ability to manage family finances.The age, financial knowledge, financial attitudes, income, education, and occupation of housewivesall influence their ability to develop financial literacy. This study was conducted to assess the financial literacy abilities of housewivesin managing family finances using a descriptive quantitative approach. Providing insight to housewives in Palembang City on the importance of understanding financial literacy. The findings illustrate that of the six factors influencing the financial literacy of housewives; age has a significant impact on the financial literacy of housewives. Therefore, the financial management of housewives will be better if they can achieve a high level of financial literacy.