“Congratulations Shilpa! So you’ve landed yourself your first job. Time to start thinking about saving for the future.”
“What? Already? I haven’t even got my first salary yet!”
This is a familiar exchange with parents despairing that their children have no idea of what it takes to save for their future. In India, more than half the population is below 25 years of age, while over 65 per cent are below 35. By 2020, the estimated average age of an Indian will be 29 years. Four to five million new professionals below 25 years of age join the workforce every year.
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