Cashless Society in the Millennial Generation in a Financial Perspective: A Literature Review

Abstract

Purpose: The purpose of this study is to find out the role of the Cashless Cashless Society in the Millennial Generation from the perspective of financial literacy and financial behavior. Methods: The design of this study is in the form of a literature review. Analysis Data: In this study, approximately 50 studies were used to study money behavior in the millennial generation. Result and Discussion: The results of this study indicate that balancing money management is influenced by several factors. That is personal financial behavior and other influences such as economic factors, psychological fees and social factors. Conclusion : For the further research, it could be focuse on cashless society among the millenials generation.

Keywords: Behavioral Finance, Financial Literacy, Cashless Society