Measuring Financial Behavior Millennial and Generation Z in Indonesia: Analysis Approached that Ensure Financial Resilience in The Face of Potential Crisis

This study explores financial literacy, behavior and preparedness of Millennials and Generation Z in Indonesia, focus on understanding how those three factors interact with job status income usage, debt management and digital engagement. The increasing dependency on digital financial tools is also underlined, this research purposes to assess the extending younger generation are prepared to manage their finance for future financial security.  A quantitative research design was working, involving a sample of 219 respondents drawn from a population of 222 individuals aged 20 to 60 years old. Data were collected using a structured questionnaire and analysed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The several findings in this study demonstrated that financial literacy is a critical determinant of financial behavior and preparedness, particulary among Millenials and Generation Z. However, both generations have demonstrated a strong understanding of financial concepts, but this knowledge does not always translate into effective financial preparedness, especially in managing debt and planning for long-term security. The study also highlights the perceived importance of job status in influencing income usage, though this relationship varies among individuals. Moreover, income usage significantly impacts digital engagement, with high levels of digital tool usage presenting both opportunities and challenges in managing finances. The study concludes that tailored financial literacy programs are essential to address the unique needs of Millennials and Generation Z, particularly in the context of their digital engagement. Recommendations include enhancing financial education at all levels, developing youth-centric financial products, and promoting responsible digital financial behavior. These strategies are crucial for ensuring that younger generations are better prepared for financial stability in an increasingly digital world.