![]() ![]() There are five generations, and they are categorized based on sociocultural aspects like historical events as well as demographic information like birth year. Nearly a quarter of them acknowledge that they do not have a point of reference for how many education dollars need to be budgeted. According to IPSOS 2017 data (Primadhyta, 2017), more than 70% of Indonesian parents rely on their monthly income for their children's education and expenses, and as many as 86% of parents are willing to give up their retirement funds to meet their children's educational needs. According to data from a survey conducted by the Financial Services Authority (OJK), only 12.6% of Indonesia's population has good financial planning (Annur, 2020). ![]() Annur, ( 2020) estimates that there are already 274 million people living in Indonesia. According to population, Indonesia is the fourth-largest nation on earth. ![]()
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