Dhiptya Ratri Anggraheni

Peran Literasi Keuangan Digital dalam Memitigasi Perilaku Doom Spending: A Narrative Literature Review

Introduction

Peran literasi keuangan digital dalam memitigasi perilaku doom spending: a narrative literature review. Pahami peran literasi keuangan digital dalam mengatasi 'doom spending' yang dipicu kecemasan. Tinjauan ini menunjukkan bagaimana literasi digital meningkatkan resiliensi finansial individu.

Abstract

The emergence of the doom spending phenomenon is triggered by anxiety and uncertainty about the future, particularly during crises such as pandemics or economic instability. However, the literature addressing the mitigation of doom spending through digital financial literacy remains very limited. Previous studies have primarily focused on traditional financial literacy without considering its digital components. This article presents a novel approach by integrating digital financial literacy, including access to information, application evaluation, and risk management, as a tool to mitigate doom spending. Using a narrative literature review approach, this study examines the relevance of Behavioral Finance Theory, Protection Motivation Theory, and Theory of Planned Behavior to understand the relationship between digital financial literacy and the transformation of impulsive thinking into rational financial decision-making. The analysis reveals that digital financial literacy plays a crucial role in enhancing perceived behavioral control, reducing the risks of destructive spending, and strengthening individuals’ financial resilience. This study also recommends longitudinal research to evaluate the long-term impact of digital financial literacy, as well as interdisciplinary explorations integrating social and cultural factors in the mitigation of doom spending. These findings offer significant new insights for policymakers, financial practitioners, and academics to address the challenges of the digital economy in the future.

Review

This paper addresses the timely and increasingly relevant phenomenon of "doom spending," a behavior driven by anxiety and uncertainty, particularly in times of crisis. The authors adeptly identify a significant gap in existing literature, noting that previous studies on financial literacy and spending mitigation have largely overlooked the crucial digital components. By proposing digital financial literacy, encompassing access to information, application evaluation, and risk management, as a novel mechanism to mitigate doom spending, this narrative literature review presents a fresh perspective on a pressing societal issue. Its focus on how digital literacy can transform impulsive financial decisions into rational ones is a commendable and pertinent area of inquiry. A key strength of this work lies in its robust theoretical grounding and integrated approach. The review effectively draws upon a sophisticated combination of Behavioral Finance Theory, Protection Motivation Theory, and the Theory of Planned Behavior to construct a comprehensive framework for understanding the interplay between digital financial literacy and financial decision-making. Through this lens, the authors convincingly demonstrate how digital financial literacy can enhance perceived behavioral control, significantly reduce the risks associated with destructive spending patterns, and ultimately bolster individuals' financial resilience. This theoretical integration provides a strong conceptual foundation, moving beyond superficial analyses to offer deeper insights into the psychological and behavioral underpinnings of financial choices in the digital age. Beyond its theoretical contributions, the paper offers valuable practical implications and forward-looking recommendations. The insights derived from this review are highly pertinent for policymakers crafting financial education initiatives, financial practitioners developing support tools, and academics seeking new research avenues. The call for longitudinal research to assess long-term impacts, alongside interdisciplinary explorations incorporating social and cultural factors, underscores a thoughtful awareness of the complexity of financial behavior. While a narrative review, by its nature, provides a synthesis rather than new empirical data, its strategic integration of diverse theories and clear articulation of future research agendas mark this as a significant and insightful contribution to the discourse on financial literacy and consumer behavior in the digital economy.

Full Text

Comments

You need to be logged in to post a comment.