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While financial literacy studies are gaining popularity in Indonesia, awareness of the concept remains relatively low in the country. Hence, studies that systematically review the existing knowledge on this topic through bibliometric and cluster analysis represent an empirical gap that needs to be addressed. This bibliometric study aims to systematically synthesize, map, and understand the studies on financial literacy in Indonesia within the last decade. Secondly, providing recommendations for future studies in order to encourage further developments in this field. The authors curated data by selecting relevant journal articles from, Scopus, Google Scholar and the Indonesian National Scientific Repository (RIN) as the primary database. Following the eligibility screening, in accordance with the study inclusion criteria, the selection was refined to 1000 studies for review. The authors employed Elicit, Microsoft Excel, and VOSviewer software for the bibliometric analysis and visualization, focusing on the frequency and patterns of the compiled material. This study indicates that research on Indonesian financial literacy increased steadily from 2014 to 2024, indicating growing scholarly interest. The research themes were primarily characterized by financial behavior and financial education, with increasing focus on financial inclusion, digital financial literacy, and the impact of cultural and religious contexts. The findings also indicate a significant reliance on quantitative methodologies and higher education institutions, while underexplored areas such as youth and older adults suggest significant directions for future research. By highlighting trends and gaps in a review of 1000 studies, future researchers will have a foundation for investigating underexplored areas of financial literacy education, especially in Indonesia. Countries facing similar socio-economic challenges could use this bibliometric framework to evaluate their unique financial literacy landscapes and to transfer best practices.
Effendi et al. (Tue,) studied this question.