India  

Age, affluence & address shape women's financial freedom

IndiaTimes Monday, 15 January 2024
Most women who are independent in making financial decisions are either over the age of 45 or they earn more than Rs 40 lakh in a year, a study showed. Which city women call home is another factor that determines financial independence. While 47% of the women earning more than Rs 10 lakh per annum said they took financially independent decisions, the number was lower (41%) for younger women and the not-so-affluent ones. On the other hand, about 65% of women over 45 years of age said they enjoyed financial freedom, the study by DBS & Crisil showed.
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