EXPLORING TRENDS OF FINANCIAL LITERACY RESEARCH: A BIBLIOMETRIC & TOPIC MODELING APPROACH

Abstract

Research on financial literacy has increased over time, particularly in light of the severe effects of the 2008 global financial crisis and the necessity of empowering individuals' financial well-being. This study employs bibliometric analysis to reaffirm the multidisciplinary nature of this topic. It displays the most influential authors, journals, articles, keywords, and time trends. In addition, using topic modeling, this study reveals the top ten sub-topics discussed in 2,538 Web of Science-extracted publications over the past quarter-century (1998-2022). Some sub-topics have persisted over time (e.g., financial education), whereas others were introduced much later (e.g., entrepreneurialism). Future research should use the findings of this study to categorize the relevant theories in financial literacy and investigate unexplored topics.