This study aims to measure the level of financial literacy of lecturers in Palembang based on their
income, education, and ownership of financial produk. The study sample was 153 respondents. Data were
analyzed using descriptive analysis techniques and crosstabulation. Distribution of questionnaires with
closed questions is done to collect data. The financial literacy index is divided into two groups, namely
basic financial literacy and advanced financial literacy. The calculation for each variable is done using
the simple weight method. The results showed that on average the basic financial literacy index of high
income lecturers was included in the high category, while the advanced financial literacy index average
was included in the low category for lecturers with income categories of less than or equal to nine million
rupiah. The basic financial literacy index of lecturers with an average S1 education background is in the
low category, while the advanced financial literacy index of lecturers with educational backgrounds S1, S2,
and S3 is in the low category. The basic financial literacy index of lecturers of state and private universities
is more dominant in the high category, while the advanced financial literacy index of the dominant state
and private higher education lecturers is in the low category. The basic financial literacy index of lecturers
from the Faculty of Economics / Business is more dominant in the high category, while lecturers from
non-economic / business faculties are more dominant in the low category. Lecturers with a basic financial
literacy index that is low, moderate and high in addition to having a savings account also have several
financial products that are not too high risk such as government securities and mutual funds. Lecturers with
a low advanced financial literacy index are more dominant in having bank and non-bank savings as well
as insurance and credit cards