{
    "success": true,
    "data": {
        "id": 1879688,
        "msgid": "core-young-people-need-long-term-financial-literacy-1784897784",
        "date": "2026-07-24 18:51:43",
        "title": "CORE: Young People Need Long-Term Financial Literacy",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Finance",
        "summary": "The Center of Reform on Economics (CORE) Indonesia has urged that young people's digital proficiency be matched with long-term financial literacy. While Gen Z and Gen Alpha are adept with financial technology, their spending habits often prioritise secondary and tertiary needs over primary ones. Improved financial education is seen as key to channelling digital services towards entrepreneurship and boosting national economic growth.",
        "content": "<p>Jakarta (ANTARA) - Mohammad Faisal, Executive Director of the Center\nof Reform on Economics (CORE) Indonesia, has said that digital\ntechnology proficiency among young people must be accompanied by digital\nfinancial literacy that emphasises long-term considerations.<\/p>\n<p>Faisal observed that Generation Z and Generation Alpha have an\nadvantage in digital technology, including in financial matters.<\/p>\n<p>However, behind this high digital literacy, both generations still\nface challenges in managing their finances due to consumption patterns\nthat tend to prioritise secondary and tertiary needs.<\/p>\n<p>\u201cFrom what I see, priorities in consumption often differ, or often\nthe focus is more on secondary and tertiary things rather than primary\nones, apart from food,\u201d he told ANTARA in Jakarta on Friday.<\/p>\n<p>He assessed that easy access to technology and digital financial\nservices has not been fully matched by the ability to set long-term\nfinancial priorities.<\/p>\n<p>The differing consumption patterns among the younger generation are\noften influenced by social media, which encourages young people to\nbecome more consumptive in order to gain recognition or be seen as more\nprominent in the online world.<\/p>\n<p>According to him, young people\u2019s awareness of financial management\nstill needs to be improved, and they should begin thinking about\nlong-term consumption priorities such as home ownership.<\/p>\n<p>In addition, he stressed that the ability to arrange spending\npriorities and plan finances from an early age is considered an\nessential foundation for building financial resilience in the\nfuture.<\/p>\n<p>Faisal suggested that banks encourage the use of digital financial\nservices not merely to facilitate consumption but also for more\nproductive activities.<\/p>\n<p>\u201cThe use of digital financial services does need to be promoted among\nthe younger generation, but not only for financial management \u2014 it\nshould extend to productive activities, so that they can become\nentrepreneurs and build businesses,\u201d said Faisal.<\/p>\n<p>Faisal said that with better financial literacy, digitalisation in\nthe financial sector can drive productivity among the younger generation\nwhile also contributing to national economic growth.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/core-young-people-need-long-term-financial-literacy-1784897784",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}