DETERMINING THE FINANCIAL PERSONALITY AND THE OVER-INDEBTEDNESS FACTORS AMONG INDONESIANS

Abstract

This paper aims to determine the financial personality among Indonesians. The approach used is by analysing 20 papers related to financial personality or money attitude, making synthesis from the collected papers and producing critical views for each related paper. The objective of this paper is to find the conceptual model for financial personality among Indonesians. This study found that financial personality scale by Klontz et al. (2011) and Alexandra et al. (2017) could be combined to construct a new financial personality model among other common financial personality that already exists. Thus, this study would like to combine personality model into future empirical research. The limitation of this research is that this research only studies about money attitude or financial personality scale. In the future, the quantitative research process can be conducted in Indonesia to testify and improve the conceptual model found in this paper.