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Coronavirus changed Indian's outlook to personal financial matters: Survey

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COVID-19 and are bracing for at least a year of slow growth, which is reflected in their changed outlook to personal financial matters.The survey by Scripbox, a digital wealth management service provider, was conducted in July among more than 1,400 adult Indians to assess their financial preparedness to achieve freedom from financial worries.Of the respondents, 83% were men and 17% women.According to the Scripbox's Financial Freedom Survey 2020, 50% of respondents plan to remove discretionary spending and save more for an emergency.It further said 28% will cut back on non-essentials, 22% will save to have a financial corpus to dip into during an emergency and 10% said that they will reduce their EMI burden."It's a time of financial unease..

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