How do demographic and socioeconomic factors affect financial literacy and its variables?

The purpose of this study was to investigate various relationships between demographic and socioeconomic factors financial literacy variables. Instead using two or three variables as commonly adopted in the literature, employed multivariable analysis literacy. sample research 255 faculty members on Java Island, Indonesia. This a discrete moderator test; therefore, it multigroup (MGA) via partial least squares structural equations modeling (PLS-SEM) determine which group demographics influencing relationship revealed that sex, age, specialization affected different skills, knowledge, capability, awareness, experience, goal, decision. also provided empirical evidence factor consumption spending awareness skills. results proved enhanced Assessing levels factors, key accomplishing successful national strategy for education, allows policymakers identify gaps design appropriate responses. result emphasizes strengthening experience future orientations could improve developing countries.