Age, affluence & address shape women's financial freedom

Most women who are independent in making financial decisions are either over the age of 45 or they earn more than Rs 40 lakh in a year, a study showed. Which city women call home is another factor that determines financial independence. While 47% of the women earning more than Rs 10 lakh per annum said they took financially independent decisions, the number was lower (41%) for younger women and the not-so-affluent ones. On the other hand, about 65% of women over 45 years of age said they enjoyed financial freedom, the study by DBS & Crisil showed.