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This book weaves together current understanding around financial
literacy and ageing, arguing for the relevance of financial
literacy for old age security. Building upon on the experiences of
ten developing Asian economies with a focus on India, the book
enters new territory by developing frameworks that identify
predictors of financial literacy and a mechanism for its
internalization, as well as recognising the need for specialized
training programs for the older population in order to establish a
link between financial literacy and old age security. It thus makes
a case about the centrality of financial literacy in creating an
environment conducive to a dignified ageing experience in this
world of shouldering one's own responsibility. Going forward, the
book comprehends financial literacy for India as a skill which
enables an individual to decide the suitable avenues to invest
savings, utilize monetary resources and shape financial decisions
aligned with their financial goals, in accordance with the dynamic
financial & economic environment. This original volume is a
first-time attempt to provide an in-depth account of financial
literacy and its association with savings behavior, old age
planning, wealth accumulation, healthcare and wellbeing in older
age. It also provides a detailed account of various measurement
tools used and policy initiatives undertaken across the globe for
financial literacy. It is an indispensable reference guide for
scholars and researchers, cutting across multiple disciplines
particularly financial and development economics, gerontology,
demography, social work, psychology and public policy.
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