BackMost parents are financially ill-prepared for child’s chosen career: survey
The survey also found that salaried parents are more inclined towards financial planning as compared to those who are self-employed
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A survey by Aviva Life Insurance Co. India Ltd as a part of its ‘Early Starters’ initiative revealed that while young India has big dreams, parents are not planning enough financially. According to the report, Aviva Early Starters: Are parents financially preparing for their child’s big dreams?, only 24% of the parents surveyed are financially preparing for their child’s career aspirations, which ranges from traditional choices like medicine and engineering to unconventional ones like fashion designing and chef.
The report is based on answers from over 11,300 parents across seven cities—Mumbai, Pune, Bengaluru, Kolkata, New Delhi, Hyderabad and Chennai. The survey also found that salaried parents are more inclined towards financial planning as compared to those who are self-employed. Here are some key findings from the survey.
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