The public needs to be given education about the minimum abilities and skills how to calculate interest, investment returns, fines and so on.
This is so that the public better understands that all financial products and services not only provide benefits but also contain costs that must be borne by consumers.
Knowledge and information about skills regarding financial service institutions and financial products and services is not complete if it is not accompanied by an increase in public confidence.
The belief that the money they save or manage in financial service institutions is carried out properly and correctly so that people believe that their money will not be lost.
In addition, the public must have confidence and trust that financial service institutions carry out good governance in conducting financial activities because their business activities are regulated by strict provisions to protect consumers.
Online literacy about finance is very important to support economic functions. The more people know about the benefits of financial products and services, the greater the financial transactions that can be created and will ultimately drive the economy.
This view is in line with the opinion that the impact of financial literacy on the economy is very large.
This is very reasonable considering the increase in the number of people who understand financial products and services will be accompanied by an increase in the use of financial products and services so as to move the wheels of the economy faster.
A high level of financial literacy is needed to maintain sustainable economic growth because an increase in the number of users of financial products and services will stimulate the demand for financial products and services on an ongoing basis.
A similar opinion is also reinforced by the results of research where financial literacy is one of the keys to the economic growth of a country
Thus, it is necessary to increase financial literacy in Indonesian businesses for the community so that they can manage finances better and the increase in income is not spent on consumptive things, but for more productive investments.
