Peran Mediasi Financial Well-Being Dalam Pengaruh Work-Life Balance dan Digital Burnout Terhadap Financial behavior Generasi Z
DOI:
https://doi.org/10.47065/arbitrase.v6i3.3106Keywords:
Work-Life Balance; Digital Burnout; Financial Well-Being; Financial Behavior; Generation Z; PapuaAbstract
This study aims to analyze the effect of work-life balance and digital burnout on financial well-being and its implications for the financial behavior of Generation Z in Papua. This research employs a quantitative approach with an explanatory design based on the conservation of resources theory. The sample consists of 105 Generation Z respondents from six provinces in Papua. Data were collected through structured questionnaires and analyzed using partial least squares structural equation modeling (PLS-SEM) with SmartPLS. The results indicate that work-life balance has a positive and significant effect on financial well-being (? = 0.513; p < 0.001) and financial behavior (? = 0.398; p < 0.001). Digital burnout also has a positive and significant effect on financial well-being (? = 0.235; p = 0.029), but it does not significantly affect financial behavior (? = 0.122; p = 0.230). Furthermore, financial well-being has a positive and significant effect on financial behavior (? = 0.413; p < 0.001). Mediation analysis shows that financial well-being significantly mediates the relationship between work-life balance and financial behavior (? = 0.212; p < 0.001), but it does not mediate the relationship between digital burnout and financial behavior (? = 0.097; p = 0.088). These findings suggest that work-life balance plays a more dominant role in enhancing financial well-being and shaping financial behavior than digital pressure. This study contributes to the literature by integrating life balance and digital pressure in explaining the financial behavior of Generation Z through the mediating role of financial well-being, while also providing empirical evidence from Papua, a region that remains underrepresented in financial behavior research.
Downloads
References
Ahmad, F., Ali, S., & Raza, S. H. (2022). Impact of work-life balance on behavioral outcomes of employees: A mediating role of well-being. Current Psychology, 41(5), 1670–1682. https://doi.org/10.1007/s12144-020-00693-x
Al-Ichwani, A., & Rahayu, R. (2025). Unveiling the influence of financial attitude, financial literacy, and lifestyle on decision-making and financial well-being. Jurnal Dinamika Manajemen, 16(1), 1–20. https://doi.org/10.15294/jdm.v16i1.24211
AlDossary, S., & AlZahrani, A. (2023). Work-life balance and financial well-being among young employees. Journal of Family and Economic Issues, 44(2), 389–407. https://doi.org/10.1007/s10834-022-09861-7
Andreassen, C. S., Pallesen, S., & Griffiths, M. D. (2019). The relationship between excessive social media use, financial decision-making, and psychological well-being. Frontiers in Psychology, 10. https://doi.org/10.3389/fpsyg.2019.02457
Bayu Putra, O. P., Sambeka, M. E. F., & Prischa. (2024). Promoting financial well-being through financial literacy for Gen Z. ECo-Buss, 7(1), 756–767. https://doi.org/10.32877/eb.v7i1.1532
Castells, M. (2015). Networks of outrage and hope: Social movements in the internet age. Polity Press.
Chawla, N., & Kumar, B. (2021). The impact of financial literacy on financial behavior and well-being: Evidence from India. Asian Journal of Economics and Banking, 5(2), 1–19. https://doi.org/10.1108/AJEB-01-2021-0010
Choi, L., & Cho, E. (2022). The impact of work-life balance on financial behavior: The moderating role of stress. Journal of Behavioral and Experimental Finance, 35. https://doi.org/10.1016/j.jbef.2022.100723
Demir, M., Desmet, P., & Zijlstra, F. (2021). Digital burnout and its effect on cognitive performance and personal decisions. Computers in Human Behavior, 126. https://doi.org/10.1016/j.chb.2021.106992
Dimock, M. (2019). Defining generations: Where Millennials end and Generation Z begins. Pew Research Center.
Faul, F., Erdfelder, E., Buchner, A., & Lang, A.-G. (2007). GPower 3: A flexible statistical power analysis program for the social, behavioral, and biomedical sciences. Behavior Research Methods, 39, 175–191. https://doi.org/10.3758/BF03193146
Francis, T., & Hoefel, F. (2018). True Gen: Generation Z and its implications for companies. McKinsey & Company.
Gomber, P., Koch, J.-A., & Siering, M. (2018). Digital finance and fintech: Current research and future research directions. Journal of Business Economics, 87(5), 537–580. https://doi.org/10.1007/s11573-017-0852-x
Greenhaus, J. (2011). Work-Family Balance: A Review and Extension of the Literature. In Handbook of occupational health psychology (pp. 183–265).
Hair, J. F., Hult, G. T. M., Ringle, C. M., & Sarstedt, M. (2022). A primer on partial least squares structural equation modeling (PLS-SEM). SAGE Publications.
Henager, R., & Cude, B. J. (2019). Financial literacy and long-term financial behavior. Journal of Financial Counseling and Planning, 30(2), 261–272. https://doi.org/10.1891/1052-3073.30.2.261
Lee, S., & Kim, H. (2020). Factors influencing financial behavior among young adults: Financial stress and well-being as mediators. Journal of Family and Economic Issues, 41, 297–309. https://doi.org/10.1007/s10834-019-09646-8
Munggaran, S. A. A., & Irwansyah, R. (2025). Perilaku ekonomi Gen Z di era digital: gaya hidup, konsumsi, dan keputusan finansial. Karimah Tauhid, 4(8), 6064–6070. https://doi.org/10.30997/karimahtauhid.v4i8.20093
Netemeyer, R. G., Warmath, D., Fernandes, D., & Lynch, J. G. (2018). How am I doing? Perceived financial well-being. Journal of Consumer Research, 45(1), 68–89. https://doi.org/10.1093/jcr/ucx109
Ozili, P. K. (2018). Impact of digital finance on financial inclusion and stability. Borsa Istanbul Review, 18(4), 329–340. https://doi.org/10.1016/j.bir.2017.12.003
Pfaffinger, K. F., Reif, J. A., & Berger, R. (2022). Digital stress at work: Linking digital demands and burnout to decision-making competence. Computers in Human Behavior, 134. https://doi.org/10.1016/j.chb.2022.107319
Prensky, M. (2001). Digital natives, digital immigrants. On the Horizon, 9(5), 1–6. https://doi.org/10.1108/10748120110424816
Sabri, M. F. (2024). Impact of financial behaviour on financial well-being: Evidence among young adults in Malaysia. Journal of Financial Services Marketing. https://doi.org/10.1057/s41264-023-00234-8
Schwab, K. (2016). The fourth industrial revolution. World Economic Forum.
Shirom, A., & Melamed, S. (2006). A comparison of the construct validity of two burnout measures in two groups of professionals. International Journal of Stress Management, 13(2), 176–200. https://doi.org/10.1037/1072-5245.13.2.176
Tarafdar, M., Cooper, C. L., & Stich, J. F. (2019). The technostress trifecta. Information Systems Journal, 29(1), 6–42. https://doi.org/10.1111/isj.12169
Vial, G. (2019). Understanding digital transformation: A review and a research agenda. Journal of Strategic Information Systems, 28(2), 118–144. https://doi.org/10.1016/j.jsis.2019.01.003
Xiao, J. J., & Porto, N. (2017). Financial education and financial satisfaction: Financial literacy, behavior, and capability as mediators. International Journal of Bank Marketing, 35(5), 805–817. https://doi.org/10.1108/IJBM-01-2016-0009
Bila bermanfaat silahkan share artikel ini
Berikan Komentar Anda terhadap artikel Peran Mediasi Financial Well-Being Dalam Pengaruh Work-Life Balance dan Digital Burnout Terhadap Financial behavior Generasi Z
ARTICLE HISTORY
How to Cite
Issue
Section
Copyright (c) 2026 Rizka Cintya Edwar, Yuni Riskita Mangopo, Leon Mitra Harju, Xenia Irene Sandy Landjang, Sheilla Putri Agustin
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under Creative Commons Attribution 4.0 International License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (Refer to The Effect of Open Access).
