Antecedents and Consequences of Risky Indebtedness Behavior among Paylater Users in Generation Z
DOI:
https://doi.org/10.55927/ijems.v3i4.139Keywords:
Risky Indebtedness Behavior, Credit Limit Misconception, Financial Well-beingAbstract
This research explores both the drivers and the outcomes of risky debt behaviour among Shopee Paylater users. Data were gathered from 403 Gen Z respondents in East Java who had previously used Shopee Paylater, and the analysis was conducted using the SEM-PLS method. Results reveal that financial anxiety, misconceptions about credit limits, and impulsive purchasing tendencies all exert a significant positive influence on risky debt behaviour. The study also finds that impulsive buying plays a mediating role between credit limit misunderstandings and financial anxiety in relation to risky debt. Moreover, risky debt behaviour shows a significant negative effect on financial well-being. Overall, the findings underscore how psychological traits and levels of financial literacy shape borrowing patterns, highlighting the urgency of fostering stronger self-control and promoting financial education among younger consumers
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