Factors that determine financial distress among KOPEKS's member who served as civil servant / Nurul Hidayu Subindin

This study is to identify the factors that determine financial distress among KOPEKS member who served as civil servants. Prior research found that financial distress is the most factors that caused psycho-social stress yet factors to financial distress mostly addressed issues like behavioral characteristic and financial literacy though it could be some other factors that causes to financial distress. Given this, the goals of the presents study were to identify the relationship between life events, financial literacy, behavioral characteristic and slow income growth with financial distress. Since education level always been a main interest of previous researcher when study about financial literacy and behavioral characteristic researcher also study the relationship between educational level with financial literacy and behavioral characteristic of KOPEKS member. To achieve the objective of the study questionnaire is used. Regression analysis shows that life events, financial literacy and behavioral characteristic have a significant relationship with financial distress but not slow income growth. While, cross tabulation revealed that education is run parallel with financial literacy and education does not necessary reflect behavioral characteristic.