Financial Literacy, Inclusion, and Well-Being: Local Wisdom Investment Mediation

Meriyana Franssisca Dungga; Mahludin H.  Baruwadi; Hais  Dama; Tineke  Wolok

doi:10.47667/ijppr.v7i2.475

Författare

Meriyana Franssisca Dungga Doctoral Student, Doctoral Program in Economics, Universitas Negeri Gorontalo, Gorontalo
Mahludin H. Baruwadi Doctoral Program in Economics, Universitas Negeri Gorontalo, Gorontalo
Hais Dama Doctoral Program in Economics, Universitas Negeri Gorontalo, Gorontalo
Tineke Wolok Doctoral Program in Economics, Universitas Negeri Gorontalo, Gorontalo

DOI:

https://doi.org/10.47667/ijppr.v7i2.475

Nyckelord:

Financial Literacy, Financial Inclusion, Financial Well-Being, Investment Decision, Local Wisdom

Abstract

This study examines the relationships between financial literacy, financial inclusion, local wisdom-based investment decisions, and financial well-being among MSMEs in Gorontalo. Using a quantitative explanatory approach, data were collected from 342 MSMEs in leading sectors in Gorontalo City. The findings indicate that financial literacy enhances both the quality of investment decisions and financial well-being. Financial inclusion expands access and encourages participation, but does not directly improve well-being unless it is effectively utilized. Local wisdom-based investment decisions play a crucial role in transforming knowledge and access into tangible financial outcomes. Overall, financial well-being depends on individuals’ ability to make informed and contextually grounded financial decisions.

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