The Importance of Financial Literacy in the Modern World Introduction In a fast-paced, ever-evolving economy, understanding how money works is more than just a skill—it's a necessity. Financial literacy is the foundation of smart money management, yet only 57% of adults worldwide are financially literate , according to the Standard & Poor’s Global Financial Literacy Survey. Financial literacy empowers people to make informed decisions about budgeting, saving, investing, and borrowing. It bridges the gap between surviving and thriving in both personal and professional life. 1. What is Financial Literacy? Financial literacy is the ability to understand and effectively use various financial skills, including personal financial management, budgeting, and investing. Core Concepts: Budgeting : Managing income and expenses Saving : Preparing for emergencies and future goals Investing : Growing wealth strategically Debt Management : Understanding loans, credit cards, and in...
A lot of private information about 815 million people in India has been leaked on the hidden part of the internet. This includes important things like their Aadhaar and passport details, as well as their names, phone numbers, and where they live. This information is now being sold online, which is really bad because it could lead to serious problems for those people. Media reports suggested that the Indian Council of Medical Research (ICMR) database might have been compromised, given the extensive scope and sensitive nature of the information. Queries sent to ICMR were not answered at press time. “Securing assets is of importance for businesses in today’s world. The recent incident where the personal information of 815 million Indians was exposed in a data leak highlights the need for companies to take adequate measures,” said Sanjay Kaushik, managing director of Netrika Consulting. On October 9, someone using the name "pwn0001" posted on a hidden internet forum, offering ...