The aftermath of the 2008 world financial crisis has stimulated a lot of research regarding individual and household debt. Studies pertaining individual and household debt generally discussed the element of financial literacy and its connection with individual and household indebtedness, however there was a lack of discussion on debt literacy. The objective of this article is to review the definition and measurement of debt literacy, a more specific aspect of financial literacy. The study is conducted by critically reviewing articles with a search word “debt literacy” in SCOPUS database in December 2018. The findings of this paper highlight common definitions and measurements of debt literacy, and suggest an appropriate definition and measurement for future research.
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In-Text Citation: (Abdullah, 2019)
To Cite this Article: Abdullah, M. (2019). The Definitions and Measurements of Debt Literacy: A Review. International Journal of Academic Research in Business and Social Sciences, 9(5), 987–995.
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