Abstract:This study seeks to examine the role of investment decisions among Generation Z students by analyzing the roles of financial literacy, Fear of Missing Out (FOMO), and financial technology. A quantitative approach was employed…
loyed using primary data collected through questionnaires distributed to Generation Z students. The sample consisted of 89 respondents selected through a random sampling technique. Data analysis was conducted using Partial Least Squares (PLS) with the support of SmartPLS software, including the evaluation of the measurement model, structural model, and hypothesis testing through bootstrapping. The findings reveal that financial literacy, FOMO, and financial technology have positive and significant effects on investment decisions. These results indicate that cognitive factors, such as financial literacy, along with behavioral and technological factors, including FOMO and fintech, play significant roles in shaping investment behavior. This study contributes to the existing literature by providing empirical insights into investment decision-making among Generation Z in the context of financial literacy, psychological influences, and technology adoption.
Abstract:Perkembangan dalam bidang teknologi informasi dan komunikasi, khususnya melalui media sosial, telah mengubahcara individu melakukan interaksi dan komunikasi satu samalain. Media sosial mempercepat dan memperluas interaksi,…
i, tetapi juga membawa berbagai tantangan yang berkaitandengan etika dan moralitas di dunia digital. Generasi Z,yangtumbuh di era digital,memiliki kemampuan teknologi yang tinggi, tetapi ada risiko kehilangan nilai-nilai sosial dan etika. Situasi ini memerlukan sebuah pendekatan mendalam untukmenilai dampak jangka panjangnya. Penelitian inimenggunakan metode kualitatif dengan menganalisis literaturdari berbagai jurnal dan artikel akademis guna memahamifenomena sosial, norma komunikasi, serta nilai moral yang berkaitan dengan penggunaan media sosial di kalanganGenerasi Z.
Media sosial memberikan peluang untuk terlibat dalaminteraksi sosial, namun juga menciptakan masalah sepertiperubahan identitas online, tekanan mental, perasaan takutketinggalan (FOMO), perundungan daring, dan informasiyang salah. Berbagai persona di dunia maya dan pengelolaancitra diri menantang pengembangan karakter individu. Selainitu, media sosial juga menciptakan norma komunikasi baruyang perlu diteliti secara mendalam. Oleh karena itu, pengaruhnya terhadap etika sosial bagi Generasi Z menjadisangat kompleks. Dengan demikian, penting untukmenanamkan nilai-nilai moral melalui pendidikan yang menggabungkan prinsip etika universal dan keterampilandigital, serta membangun ekosistem pembelajaran yang terstruktur untuk membentuk karakter dengan tanggung jawabsosial. Masa depan Generasi Z sebagai agen perubahan yang beretika akan sangat bergantung pada sistem pendidikan dan strategi yang efektif.
Abstract:This study aims to analyze the effect of Fear of Missing Out (FOMO), hedonic shopping, and self-control on impulse buying among students who use Shopee, as well as to examine the role of self-control as a moderating variable.…
able. This research uses a quantitative approach with a survey method involving students of the Faculty of Economics and Business, Universitas Negeri Gorontalo, class of 2022, as respondents. Data collection was conducted using questionnaires distributed through forms and Google Forms. Data analysis was carried out using SPSS and SEM-PLS 4.1 to test the relationships among variables. The results show that Fear of Missing Out (FOMO) and hedonic shopping have a positive effect on impulse buying. This indicates that digital social pressure and pleasure-driven motivation are the main factors encouraging students to engage in impulsive purchases. In contrast, self-control does not affect impulse buying, suggesting that students’ ability to regulate themselves is not yet strong enough to reduce impulsive consumption behavior. This condition is influenced by the characteristics of students who do not yet have a stable income, so self-control has not developed optimally in financial management due to the absence of income.
Abstract:The This study is based on the phenomenon of increasing investment losses and FOMO (Fear of Missing Out) in Indonesia, with illegal investment losses amounting to IDR 139 trillion and FOMO among young people rising to 80%…
% by 2024. This trend aligns with the growing number of investors and digital literacy in Indonesia, particularly in Java, which has the highest concentration of investors. The large population of Generations Y and Z in West Java serves as the subject of this research, highlighting the gap between financial literacy (56.10%) and financial inclusion (88.31%). This reinforces the urgency of this study. Information disclosure is considered crucial in reducing information asymmetry and managing risk in investment decision-making. The main objective of this study is to examine the direct and indirect effects of digital literacy, financial literacy, gender, and FOMO on stock investment decisions, as well as to test the role of information disclosure. A quantitative approach is used, with a questionnaire distributed to 443 respondents from Generations Y and Z in West Java, all of whom have investment experience in stocks. The purposive sampling technique was used, and data analysis was conducted using Structural Equation Modeling-Partial Least Squares (SEM-PLS) to test model validity, reliability, and relationships between variables. The results show that digital literacy, financial literacy, gender, and FOMO significantly affect stock investment decisions. Information disclosure mediates the relationship between financial literacy, gender, and FOMO on investment decisions but does not mediate the relationship between digital literacy and investment decisions. Furthermore, information disclosure positively influences stock investment decisions, emphasizing the importance of transparency. This study contributes to the development of a theoretical model that highlights the role of market discipline through information disclosure. Practically, the findings can guide OJK and companies in designing digital-financial literacy programs and improving information transparency to prevent investment fraud and increase investor confidence. The study suggests that investors should enhance their understanding of investment risks and critically assess available information. Limitations include the focus on Generations Y and Z in West Java using purposive sampling, and the exclusion of other factors like education. The self-report quantitative method may lead to bias, and cross-sectional data does not capture changes in investment behavior over time. Future research is recommended to expand the demographic sample, include additional variables, and use a mixed-method approach for more comprehensive results.
Abstract:Digital technologies are changing rapidly, and this has changed the financial services industry, especially how people decide where to invest their money. This study looks at how digital literacy, financial literacy, and…
fear of missing out (FOMO) affect how much risk young investors are willing to take when investing with information disclosure as a mediating variable. The research data is taken from 447 investors of Gen Y and Z in West Java and used Partial Least Squares-Structural Equation Modeling (PLSSEM). The results show that being financially literate makes people more likely to search for financial information, but it also makes them less willing to take risks when investing. This suggests that people who know a lot about money are more careful when they invest. On the other hand, FOMO has a positive effect on both information searching and risk tolerance, showing how emotions can affect people online. Digital literacy helps people be more willing to take risks, but it does not have a big effect on how much information they search. These results show how important cognitive and emotional factors are in determining how people act when it comes to IT-driven finances. The study helps with responsible digital transformation by showing how important it is for individuals to be ready to navigate fintech ecosystems. It also gives regulators, platform providers, and educators ideas on how to promote more informed and resilient investment practices.
Abstract:This research discusses the influence of social media content on the emergence of Fear of Missing Out (FOMO) behavior and its connection to increasing consumerism in Generation Z. This generation grew up in a digital ecosystem…
system saturated with visualizations of ideal lifestyles disseminated through platforms like TikTok, Instagram, and Twitter. Constant exposure to such content creates anxiety about missing out on seemingly important social experiences. FOMO then triggers consumptive actions, not due to functional needs, but because of symbolic impulses and social pressure to remain relevant within digital communities. This study employs a descriptive qualitative method with in-depth interviews of informants aged 20–26 years. The analysis results show that content such as unboxing, product reviews, and personal lifestyles have a significant impact on creating social pressure and shaping consumption-based identity. These findings underscore the importance of digital literacy and critical awareness so that Generation Z does not get trapped in a cycle of impulsive consumption, which poses risks to both mental and financial health. As an alternative, the Joy of Missing Out (JOMO) approach is introduced to build healthier and more authentic digital relationships.
Abstract:The rapid advancement of digital technology has brought significant changes to various aspects of life, including how individuals interact and access information. Young people, particularly university students, are among…
the most affected by these changes. One phenomenon that has emerged alongside the increasing use of social media is Fear of Missing Out (FoMO)—a feeling of anxiety or worry about being left out of trends, information, or social activities experienced by others. This phenomenon not only affects individuals psychologically but also has implications for students’ consumer behavior. This study aims to analyze the influence of FoMO on students’ consumptive behavior and to identify the mediating or reinforcing factors that shape this relationship. The research employs a qualitative approach, using data collection techniques through literature review from various recent and relevant sources. The findings indicate that FoMO has a significant correlation with the rise of consumptive behavior among students, especially in the context of purchasing symbolic goods that enhance one’s self-image on social media. Key factors influencing the relationship between FoMO and consumptive behavior include the level of digitalization, social dynamics such as peer pressure, and low self-control. Furthermore, the study finds that financial literacy plays an important protective role. Students with higher levels of financial literacy tend to be more capable of managing the consumptive urges triggered by FoMO. This research contributes new insights into the psychological impact of social media on students’ economic behavior. The novelty of the study lies in its in-depth analysis of the link between FoMO and student consumer behavior in the digital era, as well as the identification of relevant mediating factors. Therefore, the results of this study are expected to serve as a foundation for developing more adaptive digital and financial literacy education programs to meet the challenges of the technological era.
Abstract:Fenomena Fear of Missing Out (FoMO) yang ditandai dengan rasa cemas atau takut tertinggal akan pengalaman berharga orang lain, telah menjadi isu yang semakin relevan dalam konteks kehidupan modern saat ini. FoMO sering kali…
ali memicu ketidakpuasan dan kegelisahan yang dapat mengganggu kedamaian jiwa seseorang. Dalam ajaran Islam, Al-Qur'an menawarkan panduan spiritual untuk mencapai ketenangan batin. Penelitian ini bertujuan untuk meninjau konsep kedamaian jiwa dalam kaitannya dengan FoMO melalui perspektif Tafsir Al-Misbah karya Quraish Shihab. Penelitian ini menggunakan metode library research (kepustakaan), yang berorientasi dari berbagai buku dan artikel ilmiah sebagai sumber data. Dengan pendekatan kualitatif deskriptif, penelitian ini berfokus pada pemahaman mendalam tentang pengalaman subjektif individu yang merasakan FoMO serta dampaknya terhadap kondisi jiwa mereka.
Dengan pendekatan tafsir Al-Misbah, penelitian ini menggali bagaimana ayat-ayat Al-Qur'an yang terkait dengan ketenangan batin dan menghindari kecemasan duniawi dapat diaplikasikan untuk mengatasi dampak negatif FoMO. Tafsir Al-Misbah menyoroti pentingnya keseimbangan spiritual dan kesadaran diri dalam menghadapi tekanan sosial serta kecemasan modern. Penelitian ini menemukan bahwa ayat-ayat Al-Qur'an melalui tafsir Al-Misbah, mendorong seseorang untuk melepaskan keterikatan yang berlebihan terhadap dunia material dan fokus pada hubungan dengan Allah sebagai sumber kedamaian yang sesungguhnya. Dengan demikian, penelitian ini menyimpulkan bahwa FoMO dapat diatasi melalui pendekatan spiritual yang mendalam sebagaimana diajarkan dalam Al-Qur'an, yang diperkaya dengan penjelasan dari tafsir Al-Misbah agar mencapai kedamaian jiwa di tengah dinamika kehidupan yang semakin berkembang.
Abstract:Perkembangan media sosial yang masif menjadikan Generasi Z kelompok yang rentan terhadap fenomena Fear of Missing Out (FoMO). FoMO tidak hanya berdampak pada aspek psikologis, tetapi juga memengaruhi perilaku ekonomi, khususnya…
ususnya pengelolaan keuangan pribadi. Penelitian ini bertujuan untuk menganalisis pengaruh FoMO terhadap pengelolaan keuangan pribadi Generasi Z di Kecamatan Medan Timur, serta menguji peran literasi keuangan dan kontrol diri sebagai variabel moderasi. Penelitian menggunakan pendekatan kuantitatif dengan metode survei terhadap 96 responden Generasi Z yang dipilih melalui teknik purposive sampling. Data dianalisis menggunakan regresi linear dan moderated regression analysis (MRA). Hasil penelitian menunjukkan bahwa FoMO berpengaruh negatif dan signifikan terhadap pengelolaan keuangan pribadi. Literasi keuangan dan kontrol diri terbukti mampu memperlemah pengaruh negatif FoMO. Temuan ini menegaskan pentingnya penguatan literasi keuangan dan pengendalian diri dalam menghadapi tekanan sosial di era digital.
Abstract:Media sosial berperan penting dalam membentuk tren fashion yang berpotensi memengaruhi perilaku pembelian konsumen, khususnya konsumen muda. Fenomena Fear of Missing Out (FOMO) kerap dikaitkan dengan kecenderungan mengikuti…
uti tren yang berkembang di media sosial. Penelitian ini bertujuan untuk menganalisis pengaruh paparan tren fashion di media sosial terhadap perilaku pembelian konsumen menggunakan kerangka Stimulus–Organism–Response (S-O-R). Penelitian ini menggunakan pendekatan kuantitatif deskriptif dengan pengumpulan data melalui kuesioner.Hasil penelitian menunjukkan bahwa responden memiliki tingkat paparan dan ketertarikan visual yang tinggi terhadap tren fashion di media sosial. Namun, sebagian besar responden menunjukkan sikap netral terhadap tekanan sosial dan FOMO, yang mencerminkan adanya proses evaluasi internal. Perilaku pembelian responden cenderung selektif dan tidak impulsif, serta tidak sepenuhnya dipengaruhi oleh tren maupun influencer. Temuan ini menegaskan bahwa keputusan pembelian merupakan hasil pertimbangan rasional konsumen meskipun terpapar stimulus media sosial.