{
    "success": true,
    "data": {
        "id": 1625940,
        "msgid": "ramadan-strains-finances-how-gen-z-and-millennials-cope-1773971445",
        "date": "2026-03-20 08:30:00",
        "title": "Ramadan Strains Finances: How Gen Z and Millennials Cope",
        "author": "Gita Amanda",
        "source": "REPUBLIKA",
        "tags": "",
        "topic": "Finance",
        "summary": "A survey by Amar Bank reveals that 87% of respondents in major Indonesian cities experience increased spending during Ramadan, primarily driven by household necessities (86%) and Eid preparations (67.6%), with only 16.9% feeling financially comfortable. Gen Z tends to rely more cautiously on emergency funds (46%) for unexpected expenses, while facing tighter finances towards Eid, whereas Millennials adopt a flexible approach by combining emergency funds and loans to maintain cash flow. This highlights the role of short-term loans in bridging financial gaps for over half of respondents awaiting salaries or Eid bonuses, underscoring the need for better financial planning during the holy month.",
        "content": "<p>REPUBLIKA.CO.ID, JAKARTA \u2013 Ramadan not only brings an atmosphere of\nworship but also pressure on household finances. Daily needs continue as\nusual, compounded by seasonal expenses such as travelling home for Eid,\ngift hampers, and iftar gatherings, forcing many residents to manage\ntheir money more carefully.<\/p>\n<p>A survey by Amar Bank of more than 1,600 respondents in several major\ncities shows that 87% of the public feel an increase in spending during\nRamadan. However, only about 16.9% feel their financial condition\nremains comfortable.<\/p>\n<p>Interestingly, the biggest burden does not come from lifestyle.\nSpending is dominated by household needs at 86%, followed by Eid needs\nsuch as clothing and hampers at 67.6%, and the cost of travelling home\nat 26.4%.<\/p>\n<p>Amid this pressure, the way young generations cope with their\nfinancial situation differs. Gen Z tends to be more cautious. As many as\n46% choose to use emergency funds when unexpected expenses arise, while\nothers combine this with loans.<\/p>\n<p>This group also feels more pressure at the end of Ramadan. Around 42%\nof Gen Z admit that their financial condition becomes increasingly tight\napproaching Eid.<\/p>\n<p>In contrast, the millennial generation appears more flexible in\ndevising strategies. They tend to combine emergency funds and loans to\nkeep cash flow running. Around 36% of millennials even admit that their\nfinancial condition fluctuates from week to week.<\/p>\n<p>This phenomenon shows that for some people, loans are not merely for\nconsumption but a way to maintain short-term financial stability.\nOverall, more than half of the respondents use loans, either fully or as\na complement to emergency funds.<\/p>\n<p>The main reason is simple. Some are waiting for salaries or Eid\nbonuses (THR) to be disbursed, while others cover needs that are not met\nby monthly income.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/ramadan-strains-finances-how-gen-z-and-millennials-cope-1773971445",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}