Sumit Agarwal|Gene Amromin|Itzhak Ben?David|Souphala Chomsisengphet|Douglas D. Evanoff
Financial Counseling, Financial Literacy, and Household Decision Making
National University of Singapore|Federal Reserve Bank of Chicago|National Bureau of Economic Research|Office of the Comptroller of the Currency|Federal Reserve Bank of Chicago
chapter review literature financial counseling financial literacy consumer decision making look financial counselingplanning program india consumers revealed risk appetite future financial goals current assets liabilities results india suggest vast majority respondents appear financially literate answer numeracy inflation diversification questions correctly indian financial literacy level netherlands 20 higher compared usa indians use 38 monthly income cover monthly expenses save invest 62 salary average however find consumers ill prepared meet goals based asset liabilities risk profiles survey literature suggests financial counseling important tool educating consumers decision making