Based on the results of a financial behavior survey released by the Katadata Insight Center (KIC) at the end of 2021, approximately 33.1% of respondents experienced poor financial conditions.
This poor financial condition was more prevalent among female respondents, at 31.3%. Meanwhile, only 22.4% of male respondents experienced similar difficulties.
The KIC survey indicates that this poor financial condition was mainly caused by decreased business income and layoffs (PHK).
A combined 38.2% of male and female respondents experienced a decrease in business income. Meanwhile, 22.9% experienced layoffs.
Increased healthcare expenses also contributed to worsening financial conditions for 16.9% of respondents. Furthermore, 12.5% of respondents experienced salary cuts, and 7.2% experienced investment losses.
Meanwhile, 22.3% of respondents stated that their financial condition was good, and 44.6% stated it was average.
KIC conducted this online survey from September 6-12, 2021. A total of 5,204 respondents participated, using a non-probability sampling method.
Respondents were spread across all regions of Indonesia, with criteria of ages 13-70 years and regular internet usage.
(See Also: KIC Survey: Majority of Millennials and Gen Z Invest for the Future)