THE LEGACY OF FINANCIAL LITERACY

Financial literacy is recognized as a critical skill that is widely lacking among students and young earners across the world. In India, 66% of household assets are kept as bank fixed deposits, cash (Reserve Bank of India, June 2020). In the USA, a report by the TIAA Institute finds only 16% of millennials qualify as ëfinancially literateí (Yahoo Finance, Feb 2020).


This book is the outcome of the authorís conversations with his child during the COVID-19 (coronavirus) pandemic which heightened the awareness of the criticality of financial planning. The book details the steps suggested to develop financial literacy and achieve financial success to meet lifeís goals. Contains examples from the Indian and US capital markets, however, the principles would apply worldwide.