Title Of Proposal:- An In-Depth analysis of factors affecting

Personal Financial Planning of Generation-

X and Millennials.

Name Of The Candidate:- Mrs. Karishma Soohinda

Basic Qualification Of Candidate:- M.Com, M.F.M, P.E.T

Name of Canditate
Basic Qualification Of
Candidate:

Submitted to:- college name

Date Of Submission Of Proposal:- 5th December , 2018

Strengthening of any economy depends upon the financial well-being of the residents of the
country. Past researches show that financial well-being of an individual depends upon their
attitude towards personal financial planning and the Financial Literacy of an individual.
Individuals that are financially literate, manage and accumulate their wealth through different
types of financial products in the market. 
Financial Planning, in the 21st Century, can be defined as per your life cycle stages or the
generation you belong. Every financial planner or advisor now presenting their target population
in terms of generation they belong because now the patterns of life cycle stages are not adopted
by young generation. For example now education continue till age 25 and people plan marriages
in their thirties and kid in mid-thirties which is in appropriate to life cycle stages.  In today’s age,
Young generation is more ambitious, more exploratory and has access to the whole world and
enormous amount of information, resulting in successful life. Each generation faces a different
set of challenges and responsibilities. Therefore, I believe that Financial Planning can differ as
per Generation rather than life cycle stages.  As every generation share common attitude,
behavior and thought process.
The financial planning of Millennial has raised great concerns as people should grow in par as
the country expands economically.India is home to 40 crore millennials, the highest millennial
population in the world, says a wealth report published by Julius Baer, one of the largest wealth
management firms in the world.
Financial planning has been a famous aspect of various academicians. Financial planning is
affected by various factors. Therefore, the research objective is to investigate the relationship of
independent factors of generations and financial planning in India. Financial planning is affected
by various factors.