How Indonesian Young People Manage Their Finances: Many Prepare Savings

Populix conducted a survey on how Indonesia's Generation Z and Millennials manage their finances.

The results show that 42% of respondents typically immediately separate their income for spending and savings. Meanwhile, 31% of respondents spend without a specific plan.

Furthermore, 27% of respondents set aside income for savings first, then spend the remainder.

Conversely, 26% of respondents choose to spend first, then save the rest.

There were also respondents who set aside funds for investment before spending (23%), and allocated a portion of their income for family or others (18%).

This survey also found that, in general, the majority (74%) of respondent spending is used for basic needs, such as food, transportation, and bills.

The next allocation of expenses is for installments or loans (20%), entertainment and lifestyle (17%), and education or course fees (15%).

Populix conducted this online survey from February 20-25, 2025, with 1,100 respondents spread across Indonesia.

The majority of respondents were located on Java (77%), followed by Sumatra (14%) and other islands (9%). Respondents consisted of Generation Z (18-28 years old) at 50% and Millennials (29-44 years old) at 50%.