Determinant Propensity toward indebtedness in Indonesia
This study examines the factors that influence a person’s debt behavior. This study uses seven variables to measure: financial literacy, emotion, risk perception, materialism, culture, religiosity, and prospensity to Indebtedness This study uses a quantitative model with data collection using an online questionnaire. The respondents in this study were 200 people consisting of 81 men and 119 women. The results obtained from this study are that financial literacy has a positive and significant effect on the prospensity to indebtness, emotion has a positive and significant effect on the prospensity to Indebtedness, risk perception has a positive and significant effect on the prospensity to indebtness, materialism has a negative and insignificant effect on the prospensity to indebtness.
Keywords: financial literacy, emotion, risk perception, materialism, culture, religiosity, prospensity to Indebtedness
