Quantitative analysis shows financial literacy and digital finance applications influence consumption patterns in households, indicating a need for enhanced financial education.
Key Points
Household consumption patterns are significantly influenced by financial literacy and digital finance applications, impacting rational spending habits.
Using a multiple linear regression method, the study analyzed data from 100 households who actively use digital financial services.
Statistical model shows an R² value of 0.627, meaning financial literacy and digital finance explain over 62% of consumption behavior variation.
Importance of enhancing digital financial literacy is emphasized to ensure responsible spending habits amidst growing digital finance access.