The Biggest Goal of Indonesian Gen Z Savings: Emergency Funds

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Nabilah Muhamad 20/01/2025 15:31 WIB

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A JakPat survey found that emergency funds are the primary saving goal for Generation Z in Indonesia. This was stated by 68% of all respondents.

Saving Goals of Generation Z Respondents (December 2024)

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The Biggest Goal of Indonesian Gen Z Savings: Emergency Funds

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Saving Goals of Generation Z Respondents (December 2024)

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A JakPat survey found that 46% of Gen Z respondents (Gen Z) reported setting aside part of their salary to save each month.

Of this group, the majority, or 68%, save for emergency funds.

Furthermore, 57% of Gen Z respondents save for long-term investments, 50% for a house purchase, and 39% for entertainment or hobbies.

Gen Z respondents also save for their children's education and wedding expenses, with 35% allocating funds for each.

This JakPat survey involved a total of 1,150 respondents, narrowed down to 526 respondents who save. Gen Z is defined as individuals born between 1997 and 2012.

Respondents were located in non-Jabodetabek Java (44%), Jabodetabek (28%), and outside Java (28%).

The online survey was conducted via the JakPat application from December 6-9, 2024, with a margin of error below 5%.

Editor : Erlina Fury Santika

"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."