Linking Demographic Factors with Family Financial Management Competence and Community Lifestyle

Financial issues often arise in families due to debts and receivables, limited purchasing power, and an imbalance between expenses and income. This research examines family income, financial management competence, and people's lifestyles after the pandemic. We used an accidental sampling technique to collect data from 160 wives in Malang. The correlation test results show that education level and employment status positively correlate with family income. Furthermore, there is a positive correlation between management competency and lifestyle. The multivariate test shows that family income and education level influence financial management competence and lifestyle. We expect a wife to have strong financial management skills to manage family finances and enhance family welfare effectively.