India ranks lowest in basic money mgmt skills

[fast]

India has been ranked lowest in basic money management skills among Asia-Pacific countries, according to MasterCard’s latest Index of Financial Literacy.

India with 59 index points was ranked at the 15th place among the 16 countries surveyed ahead of Japan which was at the bottom with 57 index points.

In overall financial literacy, New Zealand continued to rank number one with a score of 74 index points, ahead of Singapore (72 index points) and Taiwan (71 index points).

The survey was conducted between April 2013 and May 2013 with 7,756 respondents aged between 18 and 64 in 16 Asia- Pacific countries.

The survey was conducted on three aspects of financial literacy, including consumers’ basic money management skills, investment knowledge and financial planning.

In terms of basic money management, India has slipped five index points lower as compared to last year. India scored 50 index points, down from 55 index points in the 2012 H1 survey. New Zealand retained its top ranking in basic money management with the index at 77 points. Myanmar ranked top in terms of financial planning with the highest index score of 88 index points, up 2 index points from 2012 H2, which involves savings and planning for the unexpected and retirement.

http://www.firstpost.com/investing/...owest-in-basic-money-mgmt-skills-1003159.html

 

[East Asia United]

Get ready for Indian response...

China, Pakistan, blah blah blah

 

[navtrek]

India has been ranked lowest in basic money management skills among Asia-Pacific countries, according to MasterCard’s latest Index of Financial Literacy.

India with 59 index points was ranked at the 15th place among the 16 countries surveyed ahead of Japan which was at the bottom with 57 index points.

In overall financial literacy, New Zealand continued to rank number one with a score of 74 index points, ahead of Singapore (72 index points) and Taiwan (71 index points).

The survey was conducted between April 2013 and May 2013 with 7,756 respondents aged between 18 and 64 in 16 Asia- Pacific countries.

The survey was conducted on three aspects of financial literacy, including consumers’ basic money management skills, investment knowledge and financial planning.

In terms of basic money management, India has slipped five index points lower as compared to last year. India scored 50 index points, down from 55 index points in the 2012 H1 survey. New Zealand retained its top ranking in basic money management with the index at 77 points. Myanmar ranked top in terms of financial planning with the highest index score of 88 index points, up 2 index points from 2012 H2, which involves savings and planning for the unexpected and retirement.

http://www.firstpost.com/investing/...owest-in-basic-money-mgmt-skills-1003159.html

Its very true. Most of us in India do not know or have any clue about investments. Financial literacy is very low even now most people only know gold as an investment option.

Get ready for Indian response...

China, Pakistan, blah blah blah

Buddy stop posting unwanted comments and stick to the topic. Comments like these derail the thread! Look India and China have no big rivalry except a petty border dispute which will be solved by dialog we don't have to act like kids slinging mud on each other instead we can focus on the current topic.

 

[TopCat]

Just open a web page and start ranking countries on $hit that comes to your mind and become famous. You can even earn a nobel award for doing so.

IDIOTS

 

[kbd-raaf]

You incompetent troll. HE DID look into it, I'm sure that's what he will tell you, so shut up.

I'm a Korean, from Korea.

aneyong ha seyo, hangug go saram ieyo?