KIC: Most Gen Z and Y Admit Monthly Expenses Exceed Income
- A Small
- A Medium
- A Bigger
According to a survey by the Katadata Insight Center (KIC), the majority of respondents (53.5%) stated that their monthly expenses over the past year exceeded their income.
Meanwhile, only 22.9% stated that their expenses were less than their income, and 23.6% stated that their expenses were equal to their income.
By age group, more than half of Gen Z and Gen X respondents reported expenses exceeding their income, at 59.4% and 57.2%, respectively.
Furthermore, 74.4% of respondents stated that spending on communication, such as mobile phone credit and internet, was their largest expense. This was followed by spending on groceries (69.9%) and fuel (52.9%).
The Zigi & KIC survey on the financial behavior of Gen Z and Gen Y was conducted online with 5,204 respondents across 34 provinces. The survey was conducted from September 6-12, 2021, with the respondent breakdown as follows: 55% Gen Y, 32.5% Gen Z, 12% Gen X, and 0.5% Baby Boomers.
(Read More: Reasons Why West Java Residents Distrust the COVID-19 Vaccine)
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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| Inflasi yoy (Sep) | 3,28% | +0.09 | |
| Inflasi mom (Agu) | 0,21% | +0.35 | |
| Economic growth | 5,11% | +0.08 | |
| Pertumbuhan ekonomi (yoy) (Q1) | 5,61% | +4.08 | |
| Persentase kemiskinan (Mar) | 8,07% | -0.18 | |
| Gini rasio (Sem2) | 0,38 | 0.00 | |
| Nilai Tukar USDIDR | 17.889 | -0.41 | |
| PDB ADHK (Q2) | 3.576,20 | +3.73 | |
| Ekspor Migas (Agu) | 992,20 | +25.98 | |
| Neraca perdagangan (Agu) | 3,55 | +2,814.03 | |
| Impor Migas (Jul) | 3,77 | -17.33 | |
| Ekspor (Agu) | 26,61 | +1.51 | |
| Impor (Jul) | 26,09 | +0.72 | |
| Kunjungan Wisman (Agu) | 1,60 | +4.89 | |
| NTP (Jul) | 116,16 | +1.32 |
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