Sharia Financial Inclusion in Moderating the Relationship between Socio-Economic Factors and Personal Financial Management to the Pre-Retirement-Phase

Abstract

This study aims to determine the effect of Sharia financial inclusion in moderating the relationship between socio-economic factors and personal financial management in the pre-retirement phase with State Civil Apparatus (ASN) respondents in the Central Java region. The population in this research is all ASNs in the Central Java region. Determination of the sample using a purposive sampling method. The number of respondents in this research was 420 ASN in the Central Java region. Hypothesis testing uses multiple linear, moderated regression analyses (MRA), and statistical hypotheses. Based on the results of research and data analysis using multiple linear regression analysis, moderated regression analysis (MRA), and statistical hypotheses, it shows that Sharia financial inclusion and personal financial management have a positive and significant effect and can moderate the Pre-Retirement-Phase but socio-economic factors have no significant impact. The limitations of this research are (1) it is necessary to add other situational variables such as lifestyle, monthly income, and dependents (2) it is necessary to research on a broader area or one Indonesia (3) it is necessary to link it with decision variables invest in Sharia products such as Sharia capital markets or precious metals.