The Influence of Financial Literacy, Financial Management Behavior, and Financial Inclusion on the Financial Well-being of Fishermen in Semarang City

Abstract

This study examines the effects of financial literacy, financial management behavior, and financial inclusion on the financial well-being of traditional fishermen in Semarang City. Using a quantitative causal-associative approach, data were collected from 100 fishermen selected through purposive sampling and analyzed using multiple linear regression. The results show that financial literacy (β = 0.287; p = 0.002), financial management behavior (β = 0.401; p = 0.000), and financial inclusion (β = 0.236; p = 0.010) each have a positive and significant effect on financial well-being. Simultaneously, the three variables significantly affect financial well-being (F = 45.218; p = 0.000), with an R² of 0.586, indicating that they explain 58.6% of its variation. The findings highlight the importance of strengthening financial knowledge, responsible financial management, and access to formal financial services to improve the financial well-being of traditional fishermen.