Rahasia Kesejahteraan Keuangan Generasi Sandwich: Analisis Finansial dan Beban Utang di Medan

Authors

  • Yulia Tarigan Universitas Sumatera Utara
  • Khaira Amalia Fachrudin Universitas Sumatera Utara
  • Amlys Syahputra Silalahi Universitas Sumatera Utara
  • Mutia Fitri Chania Universitas Sumatera Utara

DOI:

https://doi.org/10.14414/jbb.v15i02.5622

Keywords:

Financial Stress, Income, Debt-to-Income Ratio, Financial Literacy, Kesejahteraan Keuangan, Sandwich Generation

Abstract

This study aims to analyze the effect of Financial Stress, Income, Debt-to-Income Ratio, and Financial Literacy on the financial well-being of the sandwich generation in Titi Rantai Village, Medan Baru District. The background of this research is based on the increasing financial pressure faced by the sandwich generation due to intergenerational financial responsibilities, which potentially reduce financial stability and well-being. This study employs a quantitative approach with an associative research design. The population consists of sandwich generation individuals with criteria including productive age (25–60 years), having intergenerational financial responsibilities, and earning income. The sample comprises 110 respondents drawn from ten neighborhoods within the study area. Data were collected through questionnaires and analyzed using multiple linear regression with the assistance of SPSS software. The results indicate that Financial Stress and Debt-to-Income Ratio have a negative and significant effect on financial well-being, while Income and Financial Literacy have a positive and significant effect. These findings suggest that financial well-being is influenced by economic capacity, financial management capability, and psychological conditions. The study implies that improving financial literacy and effective debt management are essential strategies to enhance the financial well-being of the sandwich generation.

Author Biographies

  • Khaira Amalia Fachrudin, Universitas Sumatera Utara

    Khaira Amalia Fachrudin is a professor of finance at the Faculty of Economics and
    Business, Universitas Sumatera Utara. She is also an expert in business valuation and
    property management. She developed a formula for predicting corporate financial distress
    and holds the copyright for a financial literacy game. She earned her bachelor's degree
    in accounting from Universitas Sumatera Utara in 1996, a Master of Business
    Administration from Universiti Kebangsaan Malaysia in 1999, and a doctorate in finance
    from Brawijaya University in 2007. She has published several articles in reputable
    international journals, including the International Journal of Energy Economics and Policy,
    Cogent Business and Management, Malaysian Journal of Consumer and Family
    Economics, Investment Management and Financial Innovations, and Folia Oeconomica
    Stettinensia. She currently serves as the Head of the Management Study Program at the
    Faculty of Economics and Business, Universitas Sumatera Utara. Author's contact
    details: Jalan TM. Hanafiah, Kampus USU, Medan 20155

  • Amlys Syahputra Silalahi, Universitas Sumatera Utara

    Amlys Syahputra Silalahi is an associate professor in the Faculty of Economics and
    Business at the Universitas Sumatera Utara, Medan, Indonesia. He earned a bachelor of
    art (1991) in Management from Universitas Sumatera Utara and his master and doctor in
    economics from Universitas Syiah Kuala, Banda Aceh. His current research mainly
    focuses on Financial Management. He has published academic articles in the
    International Review of Management and Marketing, Journal of Logistics, Informatics and
    Service Science, International Journal of Sustainable Development and Planning,
    Management and Business Review, Educational Process: International Journal,
    Innovative Marketing, Journal of Ecohumanism, Novitas-ROYAL (Research on Youth and
    Language), Journal of Lifestyle and SDG'S Review, International Journal of Energy

    Production and Management. Author’s contact detail: Faculty of Economics and
    Business; Universitas Sumatera Utara; Jl. Prof. T. M. Hanafiah, S.H., Kampus USU,
    Medan.

  • Mutia Fitri Chania, Universitas Sumatera Utara

    Mutia Fitri Chania is a lecturer at the Faculty of Economics and Business, Universitas
    Sumatera Utara, Medan, Indonesia. She holds a Bachelor’s degree in Management and
    a Master’s degree in Management with an interest in finance. Her teaching and research
    activities are mainly related to financial management and corporate finance. Her research
    interests include corporate financial decision making, capital structure, investment
    decisions, financial performance, and other issues related to corporate finance. In
    addition to teaching, she is actively involved in academic activities and student learning
    projects in the areas of finance and management. Her current research focuses on
    understanding how financial decisions and strategies can contribute to better corporate
    performance and sustainable business development. Author’s contact detail: Faculty of
    Economics and Business, Universitas Sumatera Utara, Jalan Dr. T. Mansur No. 9,
    Padang Bulan, Kecamatan Medan Baru, Medan, Sumatera Utara.

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Published

2026-08-24

Issue

Vol. 15 No. 2 (2025): November (2025) - April (2026)

Section

Articles

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Copyright (c) 2026 Yulia Tarigan, Khaira Amalia Fachrudin, Amlys Syahputra Silalahi, Mutia Fitri Chania

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This work is licensed under a Creative Commons Attribution 4.0 International License.

How to Cite

Tarigan, Y., Khaira Amalia Fachrudin, Amlys Syahputra Silalahi, & Mutia Fitri Chania. (2026). Rahasia Kesejahteraan Keuangan Generasi Sandwich: Analisis Finansial dan Beban Utang di Medan. Journal of Business & Banking, 15(2), 387-407. https://doi.org/10.14414/jbb.v15i02.5622