86% Working Women Interested In Learning Financial Skills: Study

The world observed International Women’s Day yesterday, on March 8. The day celebrated every woman, her achievements and what she is capable of. IndiaLends, a money lending company unveiled the 6th edition of their yearly #WorkingStree report. This year, they surveyed on the theme Women’s Entrepreneurship and Investments, aiming to gauge the percentile of women interested in learning financial skills. Let’s take a look at the details of the study. The digital lending company surveyed more than 10,000 women in employment, between the ages of 24 to 55, who resided in metro, tier 1 and tier 2 cities across the country. As per more information, their results showed that almost 76 percent of women expressed their desire to start their own business. While, as per another report, 86 percent women showed interest in learning skills used in fields like budgeting, investment, savings and other financial tools.

The marketing officer of IndiaLends, Ankit Khurana stated, “This growing economy-related education for women is certainly necessary to deal with the complexities in the economy. This is important for both investors and entrepreneurs.”

Furthermore, the survey also delved into the investment practices of working women. The survey results showed that around 69 percent of women in self-employment were interested in investment, while only 51 percent of women in other jobs opted to invest. On the other hand, 79 percent of women invested independently, and the remaining 21 percent discussed with their spouses or parents. When they were asked why they avoided investment, 25 percent of the women revealed they were not confident enough, while 29 percent did not have much understanding of economics.

The #WorkingStree survey revealed that 33.6 percent of the participants were between the ages of 25 to 34 years, and 25.6 percent consisted of women between the ages 34 to 44. The youngest of the group, ranging between the ages of 18 to 22, accounted for 22.3 percent, and, 45 and above made 18.5 percent of the lot.