The Indonesia Financial Services Authority reported on the sixth 2026 event under its Indonesian Financial Literacy Excellence program, known as LIKE IT, which focused on helping students save, invest, manage money and use digital financial services safely. The initiative responds to a wide gap between financial access and capability among students, whose financial literacy index was 62.72% in the 2026 National Survey of Financial Literacy and Inclusion, compared with a financial inclusion index of 92.76%. Nationally, the corresponding indices were 69.57% and 93.61%. The authority urged young people to understand risks, distinguish needs from wants, verify that financial products are legitimate and reasonable, and avoid investment decisions driven by trends or social media. Students were also advised to establish emergency funds, avoid consumer debt, invest only surplus money and use validated information sources, particularly as digital financial fraud, illegal investments and illegal online lending become more varied.
2026-09-09OJK
Indonesia Financial Services Authority targets youth financial literacy gap through LIKE IT program
The Indonesia Financial Services Authority used its sixth 2026 LIKE IT event to address the gap between students’ high financial access and lower financial literacy. Students recorded a 62.72% literacy index and a 92.76% inclusion index, prompting guidance on responsible investing, financial planning and protection from illegal products and digital fraud.