{
    "success": true,
    "data": {
        "id": 1801485,
        "msgid": "lps-urges-young-generation-to-manage-finances-wisely-in-the-digital-era-1781337092",
        "date": "2026-06-13 14:15:20",
        "title": "LPS Urges Young Generation to Manage Finances Wisely in the Digital Era",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Finance",
        "summary": "The Indonesia Deposit Insurance Corporation (LPS) has called on the younger generation to exercise greater financial prudence amidst rapid digitalisation. A senior official highlighted how social phenomena like FOMO and YOLO, combined with easy access to consumer credit, are driving irrational financial decisions. The LPS stressed the importance of strengthening financial literacy from an early age to mitigate long-term risks.",
        "content": "<p>Wakil Ketua Dewan Komisioner Lembaga Penjamin Simpanan (LPS), Farid\nAzhar Nasution, has urged the younger generation to be wise in managing\ntheir finances, particularly in the midst of digital development. He\nstated that low literacy levels directly influence the financial\nbehaviour of society, especially young people. Various social phenomena,\nsuch as fear of missing out (FOMO), you only live once (YOLO), and fear\nof other people\u2019s opinion (FOPO), often influence individuals in making\nirrational financial decisions. \u201cThe urge to follow trends, maintain\nprestige, or adopt certain lifestyles often causes someone to neglect\ntheir financial capabilities. As a result, various consumer financing\ninstruments become instant choices to fulfil short-term desires without\nconsidering the long-term impact,\u201d he said. This fact indicates the need\nto strengthen financial literacy and awareness from an early age, so\nthat the public does not easily fall into various financial risks.\nAccording to him, the biggest challenge is often not the amount of money\none has, but rather how one manages their desires. \u201cDiscounts, paylater\nfacilities, and various instalment options available today require the\npublic to have the ability to control themselves and determine\npriorities,\u201d he explained during a public lecture themed \u201cFinancial\nAwareness: The Foundation of Integrity and Independence for the Young\nGeneration\u201d at Hasanuddin University (Unhas).<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/lps-urges-young-generation-to-manage-finances-wisely-in-the-digital-era-1781337092",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}