After proper financial education these different sections of population must not only enable us to compare vast variety of products and make effective use and choice and use of these products but also promoting long term saving and sound planning for retirement as well as for the wiser use of credit. ... If we consider the case of retirees who has secure income should be guided in the proper utilization of their finance as there are many instances that loans are taken based on their pensions and many of them are over-debited as the financial literacy level is very low in those sections of p...

• Word Count: 1819
• Approx Pages: 7
• Grade Level: Undergraduate