Financial Sustainability Through Literacy and Retirement Preparedness

This study discusses financial sustainability in retirement via a comprehensive bibliometric and content analysis on financial literacy and retirement preparedness for 1970–October 2024. Data for this study are extracted from the Scopus database. In line with the PRISMA guideline, the inclusion and exclusion criteria were applied, and the final corpus of articles used in the analysis is 518 articles. These articles are analyzed using the bibliometric methods: Bibliometrix R-package (Biblioshiny) version 4.0 and VOSviewer 1.6.20. The descriptive analysis identified the publication trends, prominent authors, articles, sources, country collaboration, and quadrant analysis. Based on the bibliographic coupling, the following themes were identified: (1) financial literacy and retirement planning, (2) behavioral finance and psychological determinants of retirement planning and preparedness, (3) financial risk, decision making, and retirement preparedness, and (4) gender, socioeconomic factors, and financial literacy disparities. This study has consolidated and enriched the understanding of how financial literacy, education, psychology and behaviors, and financial risk play a pivotal and central role in shaping long-term financial sustainability, as well as retirement planning and preparedness. From a practical perspective, an all-inclusive understanding of the above is essential for guiding regulators and policymakers in designing policies, targeted interventions, and programs that empower individuals towards retirement preparedness, considering regional, socioeconomic, and gender-related factors.