Indonesian Financial Literacy and Inclusion Increased in 2022

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Cindy Mutia Annur 31/10/2022 14:30 WIB

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According to the 2022 National Survey of Financial Literacy and Inclusion (SNLIK) from the Financial Services Authority (OJK), Indonesia's financial literacy and inclusion have improved.

Indonesia's Financial Literacy and Inclusion Index (2013-2022)

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Indonesia's Financial Literacy and Inclusion Index (2013-2022)

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According to the 2022 National Survey of Financial Literacy and Inclusion (SNLIK) from the Financial Services Authority (OJK), Indonesia's financial literacy and inclusion have improved.

Indonesia's financial literacy index score in 2022 reached 49.68%, up from 38.03% in 2019. Meanwhile, the financial inclusion index score this year reached 85.1%, up from 76.19% in 2019.

OJK Board of Commissioners Chairman Mahendra Siregar stated that the survey results show a growing number of Indonesians understanding and familiarizing themselves with financial services products.

"Financial literacy and inclusion play a crucial and strategic role, and are expected to provide the right solution to accelerate the national economic recovery from the Covid-19 pandemic," said Mahendra in a press release on Saturday, October 29, 2022.

"The SNLIK results are expected to serve as a basis for the OJK and all stakeholders in policymaking, strategy development, and designing financial products or services that meet consumer needs and enhance public protection," he continued.

Data collection for this year's SNLIK was conducted from July to September 2022. The survey involved 14,634 respondents aged 15-79 years, spread across 34 provinces encompassing 76 cities/regencies.

Data collection was carried out using face-to-face interviews assisted by a computer-assisted personal interviewing (CAPI) system.

Editor : Adi Ahdiat

"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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Indonesian Financial Literacy and Inclusion Increased in 2022

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