While the financial inclusion index reached 85.1% compared to the previous year's 76.2%, the percentage of financial literacy index in Indonesian society is still considered low because it is still below 50%. It is not only about financial literacy, but also issues related to family literacy, education ecosystem, and literacy in all aspects are still very low.

"Low financial literacy is not surprising. We see that even the literacy and numeracy skills of Indonesian children at all levels are still low. Also, the gap based on family background is still high. This is always marginalized, especially in the lower socio-economic class where literacy issues are always left behind," said Najelaa Shihab, Psychologist, Educator, and Founder of Cikal School."

According to the World Bank (2016), financial inclusion is defined as access to beneficial and affordable financial products and services in meeting the needs of both individuals and businesses, including transactions, payments, savings, credit, and insurance, which are used responsibly and sustainably.

Although the current financial literacy index of the community is quite low, access to financial services is actually increasing. This causes the gap between literacy and inclusion to be unlimited. The community also has unlimited access to financial services, but each individual's readiness to obtain optimal benefits is nonexistent. It's not just about financial literacy, but also digital literacy. The ability to optimize technology is not as high as expected.

"Just set aside 10-20% for savings, the most important thing is that we have an emergency fund so that if there is an urgent need, we don't have to borrow, because we have savings. Also, we don't need to compromise our desires, as it is important to motivate us to grow to the next level, but the allocation is only 5-10%. So, there is no desire for us to use loans, especially from illegal online lenders," said Vera."

"Educating about finances is important to be done regularly, and for Gen Z, they must continue to learn in order to avoid being 'trapped' in online loans. One of them is the event organized by OJK in collaboration with PT Bank UOB Indonesia, which held a talk show titled "Building a Healthy Financial Culture for the Young Generation" at Teras Ramayana, Hotel Indonesia Kempinski Jakarta on April 24, 2024. Report by Aykaputri Amalia Rahmani."