In India, family is often seen as the core unit of social and financial security, pooling resources to meet collective financial needs. While this strengthens family bonds, it can also cause financial enmeshment, where the lines between individual and family finances become blurred. Financial enmeshment can lead to a lack of autonomy and strain financial relationships across generations.
Understanding financial enmeshment Historically, India's joint family system fostered financial interdependence. However, as modern families shift towards nuclear structures, these traditional expectations persist, creating tension between collective and individual financial goals. Financial enmeshment is particularly evident during key life transitions, such as when young adults begin earning or middle-aged individuals start supporting both children and parents. Financial enmeshment can limit young adults' ability to make independent decisions; Instead, their priorities are often dictated by the family's immediate needs.
هذه القصة مأخوذة من طبعة November 11, 2024 من Mint Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة November 11, 2024 من Mint Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
New draft space law ready, may help attract more foreign investment
A fresh draft of India's first dedicated space law is ready, said Pawan Goenka, chairman of nodal space regulator Indian National Space Promotions and Authorization Centre (In-Space), a move that could make foreign investments easier in the nascent sector.
Services sector growth rebounds in Oct
Businesses were able to grow and generate demand despite facing sharp increases in wages and food costs
India weighs steps to steel against Chinese dumping
India's steel imports jumped by a staggering 41.3% in Apr-Sep of FY25 to 4.7 million tonnes
Making a compelling case for first-time tablet buyers
The Apple iPad mini has been upgraded for AI features at a time when buyer interest in tablets is rising again
Soon, a digital, AI-enabled twin of St Peters
A new way to search and other AI-powered marvels in the news this week
Wearables Can Now Help Women Fight Cancer
Wearable devices are the next big leap in the prevention and treatment of breast cancer through early detection and monitoring
AI adoption by law firms may result in a talent crunch
An AI takeover of entry-level work would mean fewer lawyers trained to do what AI cannot
Monetary policy must account for climate risks as well
To begin with, the trade-off between inflation and growth will get much harder to manage
Trump is stuck with the Fed's Powell. He should make peace
The US president-elect's best bet is to let the central bank do its job
Gig worker social security: India should aim for a perfect balance
Gig workers would get an optimal mix of flexibility and protection if India's 2020 social-security code is implemented well