Financial Planning and Stability is the new buzz nowadays. Be it television or newspaper, or even your social media feed on Facebook, it is entirely reasonable to see those investment advertisements advising you on the importance of long-term investments. Every Financial expert seems busy pitching high returns and great profits through their next best money making idea.
A look over Quora feed could swiftly tell us how many Indians are curious about their future and what their hopes are. While many are out there having questions, a lot more have free guidance and suggestions. One may say that many people have now started investing towards their future and are certainly going to enjoy financial stability.
But does having a sound investments makes you a financially knowledgeable person? A global survey conducted by Standard & Poor’s Financial Services LLC (S&P) in 2017 did provide the answer to it. It also showed an underlining problem in India that many were not aware of.