It is important for young people to understand their financial situation and be able to make informed decisions about the money. Without a basic understanding of finance, the youth today might struggle to plan for the future or manage their spending. Financial literacy can help them make wise investments, properly budget, and save for retirement. It would be easy to agree that financially literate youth are better equipped to navigate the challenges of adulthood and pursue their goals.
In order to comprehend what money means to today’s youth in a growing world, this series explores students and young working professionals and their perspectives on money and finance.
Vibhuti Gupta of the University of Delhi tells MintGenie in an interview about how she has grown interested in the stock market over time and continues to learn about its history and principles through various sources. As an economics student, she has varied passions, ranging from art, to reading books, dancing, and singing.
What does money mean to you? Is it the most important factor when it comes to your life decisions like what to study, career and so forth?
If we go by the literal definition, money is an authorized medium of exchange for various goods and services in an economy. Similarly, in my opinion, it is the medium to buy goods that fulfill my needs and wants. It is a very powerful commodity as it can buy anything you want at this point in time. It might not be the most important factor but, is definitely, a key factor that is considered when making decisions about education and career.
Since the budget announcement is around the corner, what do you think are the expectations of today’s youth from the government?
Today’s youth look to the government and its financial decisions to spend more in digital literacy so that everyone has access to…
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