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Growing Science » International Journal of Data and Network Science » How digital financial literacy impacts financial behavior in Jordanian millennial generation

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International Journal of Data and Network Science

ISSN 2561-8156 (Online) - ISSN 2561-8148 (Print)
Quarterly Publication
Volume 8 Issue 1 pp. 117-124 , 2024

How digital financial literacy impacts financial behavior in Jordanian millennial generation Pages 117-124 Right click to download the paper Download PDF

Authors: Laith Abdallah Aryan, Alaa Alsharif, Enass Khalil Alquqa, Mohannad Mohammad Al Ebbini, Nidal Alzboun, Mu-hammad Turki Alshurideh, Sulieman Ibraheem Shelash Al-Hawary

DOI: 10.5267/j.ijdns.2023.10.011

Keywords: Digital Financial Literacy, Financial Behavior, Millennial Generation, Jordan

Abstract: 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.

How to cite this paper
Aryan, L., Alsharif, A., Alquqa, E., Ebbini, M., Alzboun, N., Alshurideh, M & Al-Hawary, S. (2024). How digital financial literacy impacts financial behavior in Jordanian millennial generation.International Journal of Data and Network Science, 8(1), 117-124.

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Journal: International Journal of Data and Network Science | Year: 2024 | Volume: 8 | Issue: 1 | Views: 1802 | Reviews: 0

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