How increasing earning and wealth have made personal financial decisions truly 'personal'
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Increasing earning and wealth have led to personal financial decisions becoming more individualized. The shift towards personal financial strategies catering to personal preferences is seen in various aspects of life, such as independent choices about lives, time, money, and interests. This shift is driven by a sense of security about money, which allows individuals to let go of fears and focus on the present. The flexibility in allocating money has also increased for small entrepreneurs, who now have a clearer understanding of their earnings and business cycles. However, despite the positive outcomes, there are still negative aspects related to money, such as entitled behaviors, crony capitalism, and exploitation. The transition towards equitable and transparent decision-making in personal finance is ongoing, but there is reason to celebrate the progress made so far.



https://m.economictimes.com/wealth/personal-finance-news/how-increasing-earning-and-wealth-have-made-personal-financial-decisions-truly-personal/articleshow/109263244.cms