Determinants of Emergency Fund Savings Among Millennial

Abstract

The COVID-19 pandemic is a worldwide unpredictable condition thus pandemic given huge impact on global either individual or organisation. These papers include focus on emergency fund savings among millennials. Emergency savings were a barrier toward economic instability, especially among millennials. Many people struggle financially because they lack literacy of how to plan and manage money in order to make good financial decisions. Although these funds are crucial to minimize financial stress, numerous millennial still not yet set aside emergency funds. Consequently, financial literacy plays important role in determinant efficiency emergency funds preparedness among millennial during pandemic crisis. Hence, this study aims to examine whether the financial capability is correlated with emergency funds. These papers include focus on emergency fund savings among millennials. Therefore, using capability approach model by Amartya Sen’s as the conceptual framework. This conceptual research will be benefit for policy maker on how to educate millennial start to build a aside their emergency funds saving.