Many Women Unaware Of Fin Instruments: Study

Hyderabad: Women in Sandwich Generation must take proactive steps to take charge of their financial planning including improving their financial know-how, said Edelweiss Life’s Chief Distribution Officer Anup Seth.

The company recently released a study which shows 50 per cent women in this generation cite lack of understanding of various financial instruments as a challenge to wealth creation.

Sandwich Generation are individuals between ages 35 and 54 years, providing for 2 generations – ageing parents and growing children.

“Women have long acted as the CFOs of their households, managing daily finances. Yet many still relegate long-term financial planning to their fathers or husbands, regardless of education or geography. While participation has improved, we need more women to actively own their financial future—and it starts with education,” said Seth.

The study, conducted in collaboration with YouGov, also shows that more than half the women in this generation feel they are behind on meeting their financial aspirations.