How digital financial literacy impacts financial behavior in Jordanian millennial generation
The emergence of financial technology has resulted in the rapid expansion of digital financial services and products that are accessed and delivered through digital channels. However, such technology has also exposed changes in the financial behaviors of the millennial generation. Hence, th...
| Main Authors: | , , , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Growing Science
2024-01-01
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| Series: | International Journal of Data and Network Science |
| Online Access: | http://www.growingscience.com/ijds/Vol8/ijdns_2023_188.pdf |
| _version_ | 1797646822484738048 |
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| author | Laith Abdallah Aryan Alaa Alsharif Enass Khalil Alquqa Mohannad Mohammad Al Ebbini Nidal Alzboun Mu-hammad Turki Alshurideh Sulieman Ibraheem Shelash Al-Hawary |
| author_facet | Laith Abdallah Aryan Alaa Alsharif Enass Khalil Alquqa Mohannad Mohammad Al Ebbini Nidal Alzboun Mu-hammad Turki Alshurideh Sulieman Ibraheem Shelash Al-Hawary |
| author_sort | Laith Abdallah Aryan |
| collection | DOAJ |
| description | The emergence of financial technology has resulted in the rapid expansion of digital financial services and products that are accessed and delivered through digital channels. However, such technology has also exposed changes in the financial behaviors of the millennial generation. Hence, this article analyzes how digital financial literacy impacts financial behavior in the Jordanian millennial generation. A survey method was performed with 627 individuals of millennial generations from several cities in Jordan. Structural equation modeling (SEM) was conducted to estimate the relationship between the research variables. The findings revealed that digital financial literacy with its dimensions, i.e., digital knowledge, digital experience, digital skills, and digital awareness had a positive impact on financial behavior. This article depicts the level of digital financial literacy among Jordan's millennial generation. Therefore, it suggested a set of recommendations revolving around developing and promoting financial education programs for Jordanian millennials in collaboration with educational institutions, government agencies, and financial institutions. |
| first_indexed | 2024-03-11T15:07:21Z |
| format | Article |
| id | doaj.art-ee45584db75046db8ceacfc52a4c52bc |
| institution | Directory Open Access Journal |
| issn | 2561-8148 2561-8156 |
| language | English |
| last_indexed | 2024-03-11T15:07:21Z |
| publishDate | 2024-01-01 |
| publisher | Growing Science |
| record_format | Article |
| series | International Journal of Data and Network Science |
| spelling | doaj.art-ee45584db75046db8ceacfc52a4c52bc2023-10-30T03:55:34ZengGrowing ScienceInternational Journal of Data and Network Science2561-81482561-81562024-01-018111712410.5267/j.ijdns.2023.10.011How digital financial literacy impacts financial behavior in Jordanian millennial generationLaith Abdallah AryanAlaa AlsharifEnass Khalil AlquqaMohannad Mohammad Al EbbiniNidal AlzbounMu-hammad Turki AlshuridehSulieman Ibraheem Shelash Al-Hawary The emergence of financial technology has resulted in the rapid expansion of digital financial services and products that are accessed and delivered through digital channels. However, such technology has also exposed changes in the financial behaviors of the millennial generation. Hence, this article analyzes how digital financial literacy impacts financial behavior in the Jordanian millennial generation. A survey method was performed with 627 individuals of millennial generations from several cities in Jordan. Structural equation modeling (SEM) was conducted to estimate the relationship between the research variables. The findings revealed that digital financial literacy with its dimensions, i.e., digital knowledge, digital experience, digital skills, and digital awareness had a positive impact on financial behavior. This article depicts the level of digital financial literacy among Jordan's millennial generation. Therefore, it suggested a set of recommendations revolving around developing and promoting financial education programs for Jordanian millennials in collaboration with educational institutions, government agencies, and financial institutions.http://www.growingscience.com/ijds/Vol8/ijdns_2023_188.pdf |
| spellingShingle | Laith Abdallah Aryan Alaa Alsharif Enass Khalil Alquqa Mohannad Mohammad Al Ebbini Nidal Alzboun Mu-hammad Turki Alshurideh Sulieman Ibraheem Shelash Al-Hawary How digital financial literacy impacts financial behavior in Jordanian millennial generation International Journal of Data and Network Science |
| title | How digital financial literacy impacts financial behavior in Jordanian millennial generation |
| title_full | How digital financial literacy impacts financial behavior in Jordanian millennial generation |
| title_fullStr | How digital financial literacy impacts financial behavior in Jordanian millennial generation |
| title_full_unstemmed | How digital financial literacy impacts financial behavior in Jordanian millennial generation |
| title_short | How digital financial literacy impacts financial behavior in Jordanian millennial generation |
| title_sort | how digital financial literacy impacts financial behavior in jordanian millennial generation |
| url | http://www.growingscience.com/ijds/Vol8/ijdns_2023_188.pdf |
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