Cohesion of Financial Literacy, Financial Inclusion, Lifestyle, Religiosity to the Consumptive Behavior of Housewives of Aisyiyah Residents of Palopo City

Abstract

Consumptive behavior in housewives is an important issue because it has a direct impact on family welfare. This study aims to analyze the influence of financial literacy, financial inclusion, and lifestyle on the consumptive behavior of housewives, with religiosity as a moderation variable. The study used a quantitative approach with a Likert scale questionnaire instrument which was distributed to 74 respondents of housewives who were members of the Aisyiyah organization in Palopo City, South Sulawesi. The data was analyzed using the Structural Equation Modeling–Partial Least Squares method. The results of the study show that financial inclusion has a positive and significant effect on consumptive behavior, while lifestyle has a significant negative effect. In contrast, financial literacy and religiosity had no significant effect, either directly or as a moderation variable. An R² value of 0.448 indicates that this model is able to explain 44.8% of the variation in consumptive behavior, while the rest is influenced by other factors outside the study. These findings imply that increased access to financial services needs to be balanced with practical literacy and value-based education programs to prevent excessive consumptive behavior.