Access has not tranlated to financial maturity in Rajasthan and Gujarat, says survey
A recent study reveals that despite increased financial access in Gujarat and Rajasthan, many households lack financial maturity. Key issues include poor understanding of compound interest and inadequate retirement planning. Over half of respondents haven’t started saving for retirement, and many rely on informal support for emergencies, highlighting a need for enhanced financial capability and resilience.🕒 1 min read
A recent study reveals that despite increased financial access in Gujarat and Rajasthan, many households lack financial maturity. Key issues include poor understanding of compound interest and inadequate retirement planning. Over half of respondents haven’t started saving for retirement, and many rely on informal support for emergencies, highlighting a need for enhanced financial capability and resilience.
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