Decoding Millennial Investment Behaviour: The Role of Financial Literacy, Experience, and Risk Among Working College Students

Purposes -The purpose of this research is to identify the elements risk, financial literacy, and experience that impact college students' investing choices.The research was conducted using a quantitative technique, with 100 questionnaires sent to working-age college students in the Riau Islands.The study found that investing choices are significantly impacted by financial literacy, but not by financial experience.Risk also does not attenuate the association between financial knowledge and investment choices, or between financial expertise and investment choices.The results highlight the need for improved educational programmes to increase financial knowledge among college students and the significance of financial literacy in making sound investment choices.If policymakers and programme administrators are serious about helping the next generation become better investors, this report should be a useful resource.Implications for practice: Schools should create and execute extensive financial literacy programmes.Financial education, risk management, and investment fundamentals may be taught in a variety of formats, including inperson seminars, online courses, and workshops.Students can make more informed investing choices after they have a better grasp.Implications for Society: A shift in perspective on investing is likely to accompany students' improved financial knowledge.More responsible personal financial management among students is associated with higher levels of financial literacy, which in turn reduces the likelihood of financial crises in the next generation.Research like this is novel and valuable because it focuses on a demographic that is understudied in investment studies: college students who are also employed.This study adds to our knowledge of millennials' financial habits by illuminating the elements that impact their investing choices while enrolled in college.