Accenture Study Finds Indians Best at Financial Planning

By Kalen Smith, Big4 Blogger

Accenture recently completed a new global study to assess personal finance habits of citizens from various countries. The study focused on how people saved their money and planned for retirement. According to their findings, Indians tend to have the best personal finance habits.

The study found that 64% of Indians believe they have access to the resources they need to plan their financial futures. Fewer than half of all citizens throughout the world believe they have access to the necessary resources to prepare for retirement and save accordingly.

Indians were also slightly more confident about their own financial proficiency. Accenture reported that Indians were more likely to feel they had enough money saved for retirement and knew how much money to save each month.

Nearly all Indians polled (99%) said it was important for them to start saving money right away. Only about three quarters of citizens across the world had the same perspective.

Accenture’s poll concluded that Indians are highly educated in finance and were more disciplined at making good financial decisions than their peers throughout the world. Overall, the study indicated that Asian citizens tended to be better prepared to make key financial decisions than citizens in Europe or the Americas.