The significance of financial literacy is garnering worldwide attention across all age groups. Financial literacy has been defined by certain scholars as a necessary skill for individuals to possess in order to effectively navigate their future financial endeavors. The aim of this article is to perform a bibliometric analysis and systematic literature review in order to investigate the present corpus of scholarship on the application of Financial Literacy. The present study entailed a comprehensive analysis of existing research papers to ascertain the principal contributors to this specific domain, noteworthy subthemes, and prospective directions for further investigation. There has been a noticeable rise in the quantity of literature pertaining to this topic during the period spanning from 2020 to 2023. Furthermore, the utilization of network analysis was employed to chart research clusters. The aforementioned discovery yielded a cumulative total of 84 scholarly publications. The findings of the analysis indicate that there exists a gap in the comprehensive research of the keywords “Financial Behavior”, “Financial Attitude”, and “Financial Inclusion”.

1. Ansari, Y., Albarrak, M. S., Sherfudeen, N., et al. (2022). A Study of Financial Literacy of Investors—A Bibliometric Analysis. International Journal of Financial Studies, 10(2), 36. https://doi.org/10.3390/ijfs10020036
2. Clichici, D., & Moagăr-Poladian, S. (2022). Financial Literacy, Economic Development and Financial Development: A Cross-Country Analysis. Romanian Journal of European Affairs, 22(1), 35–49.
3. Gallego-Losada, R., Montero-Navarro, A., Rodríguez-Sánchez, J. L., et al. (2022). Retirement planning and financial literacy, at the crossroads. A bibliometric analysis. Finance Research Letters, 44, 102109. https://doi.org/10.1016/j.frl.2021.102109
4. Huo, W., Zaman, B. U., Zulfiqar, M., et al. (2023). How do environmental technologies affect environmental degradation? Analyzing the direct and indirect impact of financial innovations and economic globalization. Environmental Technology & Innovation, 29, 102973. https://doi.org/10.1016/j.eti.2022.102973
5. Khan, F., Siddiqui, M. A., & Imtiaz, S. (2022). Role of financial literacy in achieving financial inclusion: A review, synthesis and research agenda. Cogent Business & Management, 9(1). https://doi.org/10.1080/23311975.2022.2034236
6. Koskelainen, T., Kalmi, P., Scornavacca, E., et al. (2023). Financial literacy in the digital age—A research agenda. Journal of Consumer Affairs, 57(1), 507–528. Portico. https://doi.org/10.1111/joca.12510
7. Kumar, P., Pillai, R., Kumar, N., et al. (2023). The interplay of skills, digital financial literacy, capability, and autonomy in financial decision making and well-being. Borsa Istanbul Review, 23(1), 169–183. https://doi.org/10.1016/j.bir.2022.09.012
8. Lahiri, S., & Biswas, S. (2022). Does financial literacy improve financial behavior in emerging economies? Evidence from India. Managerial Finance, 48(9/10), 1430–1452. https://doi.org/10.1108/mf-09-2021-0440
9. Lo Prete, A. (2022). Digital and financial literacy as determinants of digital payments and personal finance. Economics Letters, 213, 110378. https://doi.org/10.1016/j.econlet.2022.110378
10. Lontchi, C. B., Yang, B., & Su, Y. (2022). The Mediating Effect of Financial Literacy and the Moderating Role of Social Capital in the Relationship between Financial Inclusion and Sustainable Development in Cameroon. Sustainability, 14(22), 15093. https://doi.org/10.3390/su142215093
11. Mireku, K., Appiah, F., & Agana, J. A. (2023). Is there a link between financial literacy and financial behavior? Cogent Economics & Finance, 11(1). https://doi.org/10.1080/23322039.2023.2188712
12. Mustafa, W. M. W., Islam, Md. A., Asyraf, M., et al. (2023). The Effects of Financial Attitudes, Financial Literacy and Health Literacy on Sustainable Financial Retirement Planning: The Moderating Role of the Financial Advisor. Sustainability, 15(3), 2677. https://doi.org/10.3390/su15032677
13. Noor, N., Batool, I., & Arshad, H. M. (2020). Financial literacy, financial self-efficacy and financial account ownership behavior in Pakistan. Cogent Economics & Finance, 8(1), 1806479. https://doi.org/10.1080/23322039.2020.1806479
14. Ozili, P. K., Ademiju, A., & Rachid, S. (2022). Impact of financial inclusion on economic growth: review of existing literature and directions for future research. International Journal of Social Economics, 50(8), 1105–1122. https://doi.org/10.1108/ijse-05-2022-0339
15. Page, M. J., McKenzie, J. E., Bossuyt, P. M., et al. (2021). The PRISMA 2020 statement: An updated guideline for reporting systematic reviews. International Journal of Surgery, 88, 105906. https://doi.org/10.1016/j.ijsu.2021.105906
16. Puelz, D., & Puelz, R. (2022). Financial Literacy and Perceived Economic Outcomes. Statistics and Public Policy, 9(1), 122–135. https://doi.org/10.1080/2330443x.2022.2086191
17. Rethlefsen, M. L., Kirtley, S., Waffenschmidt, S., et al. (2021). PRISMA-S: an extension to the PRISMA Statement for Reporting Literature Searches in Systematic Reviews. Systematic Reviews, 10(1). https://doi.org/10.1186/s13643-020-01542-z
18. Sekita, S., Kakkar, V., & Ogaki, M. (2022). Wealth, Financial Literacy and Behavioral Biases in Japan: The Effects of Various Types of Financial Literacy. Journal of the Japanese and International Economies, 64, 101190. https://doi.org/10.1016/j.jjie.2021.101190
19. Sinnewe, E., & Nicholson, G. (2023). Healthy financial habits in young adults: An exploratory study of the relationship between subjective financial literacy, engagement with finances, and financial decision‐making. Journal of Consumer Affairs, 57(1), 564–592. https://doi.org/10.1111/joca.12512
20. Song, C. L., Pan, D., Ayub, A., et al. (2023). The Interplay Between Financial Literacy, Financial Risk Tolerance, and Financial Behavior: The Moderator Effect of Emotional Intelligence. Psychology Research and Behavior Management, 16, 535–548. https://doi.org/10.2147/prbm.s398450
21. Struckell, E. M., Patel, P. C., Ojha, D., et al. (2022). Financial literacy and Self Employment—The moderating effect of gender and race. Journal of Business Research, 139, 639–653. https://doi.org/10.1016/j.jbusres.2021.10.003
22. Tuffour, J. K., Amoako, A. A., & Amartey, E. O. (2020). Assessing the Effect of Financial Literacy Among Managers on the Performance of Small-Scale Enterprises. Global Business Review, 23(5), 1200–1217. https://doi.org/10.1177/0972150919899753
23. Wahyono, & Hutahayan, B. (2021). The relationships between market orientation, learning orientation, financial literacy, on the knowledge competence, innovation, and performance of small and medium textile industries in Java and Bali. Asia Pacific Management Review, 26(1), 39–46. https://doi.org/10.1016/j.apmrv.2020.07.001
24. Weissberger, G. H., Nguyen, A. L., Lim, A. C., et al. (2023). The Cognitive Correlates of Financial Literacy in Older Adults. Clinical Gerontologist, 1–9. https://doi.org/10.1080/07317115.2023.2217190
25. Yang, J., Wu, Y., & Huang, B. (2023). Digital finance and financial literacy: Evidence from Chinese households. Journal of Banking & Finance, 156, 107005. https://doi.org/10.1016/j.jbankfin.2023.107005
26. Zaimovic, A., Torlakovic, A., Arnaut-Berilo, A., et al. (2023). Mapping Financial Literacy: A Systematic Literature Review of Determinants and Recent Trends. Sustainability, 15(12), 9358. https://doi.org/10.3390/su15129358