Kardoyo, - and Widiyanto, FE Pendidikan Ekonomi and Khasan Setiaji, - (2017) Empowering Young Entrepreneurs through Financial Literacy (A Case Study of Vocational School students in Indonesia). Canadian International Journal for Social Science and Education, 10. ISSN 2356-847X

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Abstract

Indonesia has young population to drive its economic development. One of them is vocational students who have the final objective to work in many broad different areas. The number of young unemployed people in Indonesia depicts that we need to empower young entrepreneurs. This article focuses on the importance of financial education for vocational students in Indonesia in terms of the framework of national financial education and the integration of financial education practices in vocational education. One possible great impact of financial education implemented in schools definitely improves the confidence of vocational students for any job opportunities after they finish their study. The fact shows that there are only a few numbers of graduates willing to becoming entrepreneurs. The entrepreneurship subjects must be much more directly intended for the growing spirit of entrepreneurship, production and marketing. However, the financial management is not yet considered as the subject concerned. The research site is a region of vocational public school of Semarang City, Central Java, Indonesia majoring in business and management: (1) Vocational Public School 2 Semarang City and; (2) Vocational Public School 9 Semarang City. In conducting the research, the researcher uses mixing methods; qualitative and quantitative methods. As a result, there is no national scheme of financial education for vocational schools and financial understanding gained does not support their success in entrepreneurship. It sho financial management in Indonesian is generally low. Concerning the importance of financial education, school and government need to encourage the students to improve their understanding in financial education.

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