Improving Investment Understanding For Millennial Generation Through Digital Teaching Media Innovation
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Abstract
This research explores the low financial literacy among millennials despite their dominance in the use of information technology. Various surveys show that most millennials cannot answer basic questions about finance and investment correctly, indicating an urgent need to improve financial and investment literacy. This lack of understanding of investment instruments and financial strategies negatively impacts their financial stability. Initial questionnaire results from 30 students showed that 70% felt unfamiliar with investments, while 30% felt familiar. In addition, students were most familiar with stocks (40%), followed by mutual funds (30%), cryptocurrencies (15%), and bonds (10%). The study also found that investment literacy and education activities can increase millennials' understanding and motivation to invest. Technology plays an important role in financial education, with well-designed digital learning media, such as e-books and other digital tools, significantly improving learning outcomes. Recommendations from this research include the provision of interactive and fun teaching materials that are easily accessible through digital media, covering the introduction of basic investment concepts, long-term returns, practical guidance on starting an investment, and risk management. This research emphasizes the importance of greater financial education and literacy efforts to empower millennials to manage their finances more effectively and wisely.
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How to Cite
Wijaya, B. K., Radhitya, M. L., & Suandana, N. P. W. (2024). Improving Investment Understanding For Millennial Generation Through Digital Teaching Media Innovation. Jurnal Scientia, 13(03), 485-491. https://doi.org/10.58471/scientia.v13i03.2520
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Dini Haryati, S. E., & Ak, M. (2021). Fenomena Cashless Society pada Generasi Milenial dalam Menghadapi Covid-19. Transfer, 3(1).
Diviariesty, K., Asri, I. A. T. Y., & Suariedewi, I. G. A. A. M. (2023). Pemberdayaan Generasi Muda dengan Membangun Perencanaan Keuangan Melalui Investasi Berbasis Digital di Desa Siangan. Postgraduated Community Service Journal, 4(2), 51–55.
Fahri, J. (2022). EXPLORING CITIZEN’S SATISFACTION WITH THE INFRASTRUCTURE OF SERVICES AT A LOCAL SEAPORT IN TERNATE, NORTH MALUKU. Journal of Indonesian Economy and Business: JIEB., 37(2), 103–135.
Hasyim, A. W., Sabuhari, R., & Jabid, A. W. (2023). The Impact of Human Resource Development on the Management of Island Tourism Destination. The Mediation Role of Adaptability and Innovation Speed.
Hikmah, & Rustam, T. A. (2020). Pengetahuan Investasi, Motivasi Investasi, Literasi Keuangan Dan Persepsi Resiko Pengaruhnya Terhadap Minat Investasi Pada Pasar Modal. SULTANIST: Jurnal Manajemen Dan Keuangan, 8(2), 131–140.
Ibrahim, M. B., Sari, F. P., Kharisma, L. P. I., Kertati, I., Artawan, P., Sudipa, I. G. I., Simanihuruk, P., Rusmayadi, G., Nursanty, E., & Lolang, E. (2023). METODE PENELITIAN BERBAGAI BIDANG KEILMUAN (Panduan & Referensi). PT. Sonpedia Publishing Indonesia.
Jabid, A. W., Abdurrahman, A. Y., & Amarullah, D. (2023). Empowering leadership and innovative behaviour in the context of the hotel industry: Knowledge sharing as mediator and generational differences as moderator. Cogent Business & Management, 10(3), 2281707.
Jabid, A. W., Soleman, M. M., & Jannang, A. R. (2023). The Mediating Role of Islamic Job Satisfaction on Relationship of Islamic Work Ethics on Intention to Leave. International Journal of Professional Business Review, 8(6), e02066–e02066.
Jabid, A. W., Syahdan, R., Fahri, J., & Buamonabot, I. (2023a). Entrepreneurship education and entrepreneurship intention: perceived desirability and perceived feasibility mediation. Revista de Gestão e Secretariado, 14(8), 14397–14424.
Jabid, A. W., Syahdan, R., Fahri, J., & Buamonabot, I. (2023b). The Role of Receiving Technology on Employee Performance: Job Satisfaction as Mediation. Journal of Indonesian Economy and Business, 38(3), 229–253.
Kurniawan, A., Pattiasina, P. J., Rahman, A., Lestari, N. C., & Al Haddar, G. (2024). Utilization of Youtube as a Problem Solving-Based Learning Media. TECHNOVATE: Journal of Information Technology and Strategic Innovation Management, 1(2), 62–68.
Lin, A. K. (2024). The AI Revolution in Financial Services: Emerging Methods for Fraud Detection and Prevention. Jurnal Galaksi, 1(1), 43–51.
Muhammadiah, M. ud, Hamsiah, A., Fatmayati, F., Utam, Y. R. W., & Prabowo, I. A. (2023). Utilization Of Facebook As An Online Platformbased Learning Media.
Nainggolan, H., Hastuti, D., Hendriyani, C., Hernando, R., Dulame, I. M., Afriyadi, H., Sari, F. P., & Wijaya, B. K. (2023). Manajemen Pemasaran (implementasi manajemen pemasaran pada masa revolusi industri 4.0 menuju era society 5.0). PT. Sonpedia Publishing Indonesia.
Putra, P. S. U., Murpratiwi, S. I., Adnyana, I. N. W., Meinarni, N. P. S., & Sari, N. W. Y. (2024). Interactive Multimedia" Melajah Cecimpedan Bali" for Elementary School Students Based on Android. Jurnal Multidisiplin Sahombu, 4(01), 79–90.
Ramli, Y., Imaningsih, E. S., Shiratina, A., Rajak, A., & Ali, A. J. (2022). Environmental sustainability: To enhance organizational awareness towards green environmental concern. International Journal of Energy Economics and Policy, 12(4), 307–316.
Sari, W. N., & Ahmad, M. (2021). Pengembangan Media Pembelajaran Flipbook Digital di Sekolah Dasar. Edukatif: Jurnal Ilmu Pendidikan, 3(5), 2819–2826.
Sidiq, A. W., Permanasari, R., & Romadon, A. S. (2023). Pengenalan Literasi Pasar Modal Sebagai Sarana Menabung Saham Bagi Siswa Smk Negeri 9 Kota Semarang. ABDI MOESTOPO: Jurnal Pengabdian Pada Masyarakat, 6(2), 237–247.
Sirat, A. H., Bailusy, M. N., Stapah, M., Assagaf, A., & Possumah, B. T. (2023). The Impact of Entrepreneurial Competence and Internal Environment on Small and Medium Business Performance in North Maluku Province, Indonesia. Kurdish Studies, 11(2), 5709–5719.
Sudipa, I. G. I., Udayana, I. P. A. E. D., Rizal, A. A., Kharisma, P. I., Indriyani, T., Asana, I. M. D. P., Ariana, A. A. G. B., & Rachman, A. (2023). METODE PENELITIAN BIDANG ILMU INFORMATIKA (Teori & Referensi Berbasis Studi Kasus). PT. Sonpedia Publishing Indonesia.
Tanuwijaya, K., & Setyawan, I. R. (2021). Can financial literacy become an effective mediator for investment intention? Accounting, 7(7), 1591–1600. https://doi.org/10.5267/j.ac.2021.5.011
Ulfatun, T., Udhma, U. S., & Dewi, R. S. (2016). Analisis Tingkat Literasi Keuangan Mahasiswa Fakultas Ekonomi Universitas Negeri Yogyakarta Tahun Angkatan 2012-2014. Pelita, XI(2), 1–13.
Wijanarko, T. A., Anita, F. T., Setiowati, L. J., & Wibowo, V. A. S. (2022). Pelatihan pengenalan instrumen keuangan dan pengelolaan keuangan bagi anak-anak di smak st. agnes surabaya. Jurnal Abdi Masyarakat Indonesia, 2(5), 1407–1416.
Wijaya, B. K., Radhitya, M. L., & Waas, D. V. (2023). Analysis of Understanding and Utilization of Fintech in Millennial Generation. Jurnal Scientia, 12(03), 3246–3255.
Yuliantoro, H. R., Arifulsyah, H., Bhayangkara, A., & Zifi, M. P. (2023). Literasi dan Edukasi Investasi untuk Generasi Z SMA Al-Ittihad Pekanbaru. JITER-PM (Jurnal Inovasi Terapan-Pengabdian Masyarakat), 1(3), 1–9.