PENGUKURAN KESEJAHTERAAN FINANSIAL DENGAN MENGGUNAKAN MODEL FINANCIAL WELL-BEING: STUDI KASUS PADA DOSEN DI JAWA TENGAH

Abstract

This study aims to measure the level of financial well-being among lecturers in Central Java
and analyze its determining factors, including financial literacy, income, and financial
habits. A quantitative approach was used with an instrument based on the Financial Well
Being Scale developed by the Consumer Financial Protection Bureau (CFPB). Data were
collected through an online questionnaire distributed to 100 lecturer respondents from both
public and private universities in Central Java. The results show that the average financial
well-being score is at a moderate level (62.4). Lecturers from public universities and those
with civil servant status (ASN) have higher scores compared to their counterparts in private
institutions and non-ASN lecturers. Multiple regression analysis confirms that all three
independent variables—financial literacy, income, and financial habits—have a positive
and significant impact on financial well-being, with financial literacy and habits showing
the strongest influence. These findings suggest that improving lecturers’ financial well
being depends not only on income levels but also on sound financial management practices.
Recommendations include implementing financial literacy training for lecturers, especially
in private and non-ASN sectors, as well as strengthening national policies to enhance the
financial well-being of educators.