LPS Encourages Teens To Be Financially Literacy Through Educational Festivals

Deposit Guarantee Institution (LPS). (doc LPS)

JAKARTA - Increase financial literacy since school age is one of the main focuses of the Deposit Insurance Corporation (LPS) in its efforts to form a young generation who is financially independent.

Chairman of the LPS Board of Commissioners, Purbaya Yudhi Sadive, invites the culture of saving back to more than 1300 high school students while educating them about the importance of good financial management from an early age.

He expressed his belief that the younger generation of Indonesia was able to become the pioneer of financial independence and also contribute to Indonesia's future.

According to Purbaya, young Indonesians have great potential in terms of technological adaptation and a spirit of learning, but the provision of financial management still needs to be strengthened.

"What is needed now is to provide information on how to manage finances properly from school age," he said when opening the LPS Putih Abu-Abu Financial Festival 2025 at Sasana Craft, TMII, Saturday, May 31.

He emphasized the importance of building simple habits such as recording daily expenses, saving regularly, and getting to know the risks of financial products from an early age so that they can form long-term financial behavior.

He is optimistic that if this is provided from an early age, Indonesian students can grow up to become generations that are not only digitally capable, but also financially wise and will become a strong foundation in facing financial challenges in adults.

"If since high school they already understand how to save, know the importance of emergency funds, and know the risk of loans, then at the age of 25 and over they can be much more prepared to face the reality of life," he added.

This festival is one of the LPS' initiatives to bring financial literacy issues closer to students lightly and relevantly through activities in the field of cultural arts and sports.

In addition, Purbaya said that this activity also introduced the role of LPS in ensuring public deposits in banks of up to IDR 2 billion per person per bank.

Meanwhile, based on data from the Financial Services Authority (OJK), it shows that the level of student financial inclusion continues to increase, but the gap with literacy is still a challenge.

He hopes that through activities like this, students' financial understanding can grow along with their enthusiasm to organize the future.

"With good financial literacy, I believe these young people are not only able to manage their own money, but also contribute to Indonesia's sustainable economic growth," concluded Purbaya.