6 TABLE OF CONTENTS ABSTRACT .............................................................................................................................. 2 ABSTRAK ................................................................................................................................ 3 APPROVAL PAGE ................................................................................................................. 4 FOREWORD ............................................................................................................................ 5 CHAPTER I ............................................................................................................................. 2 INTRODUCTION .......................................................................................................................... 2 1.1 Background ........................................................................................................................................2 1.2 Problem Statement .............................................................................................................................3 1.3 Research Question .............................................................................................................................3 1.4 Research Objective ............................................................................................................................4 1.5 Research Scope and Limitation ........................................................................................................4 CHAPTER II ............................................................................................................................ 6 THEORETICAL FOUNDATIONS .............................................................................................. 6 2.1 Financial Literacy ..............................................................................................................................6 2.1.1 Common Definition .................................................................................................... 6 2.1.2 Importance of Financial Literacy ............................................................................... 6 2.2 Materialism .........................................................................................................................................7 2.2.1 Common Definition .................................................................................................... 7 2.2.2 Impact on Society's Consumer Behavior .................................................................... 7 2.3 Technological Advancements and Consumer Financial Decisions ...............................................8 2.3.1 Influence of Technology ............................................................................................. 8 2.3.2 Impact on Financial Decisions ................................................................................... 9 2.4 Financial Literacy in Indonesia ........................................................................................................9 2.4.1 Current State of Financial Literacy ............................................................................