64 Percent of Working Women say they get less than 5 hours of 'me time' a week

By SiliconIndia   |   Thursday, 07 March 2019, 13:04 Hrs
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64 Percent of Working Women Say they get less than 5 Hours of ‘me time’ a week

A study conducted by IndiaLends, an online lending platform finds that 76 percent of working women make their own financial decisions. The study also states that, 59 percent of self-employed women rely more often on their spouses for financial guidance compared to 48 percent of salaried women.

Commenting on the findings, Gaurav Chopra, CEO, IndiaLends, says, “The #WorkingStree survey of working women offers a keen insight into the relationship between women and money, in particular their financial independence, knowledge of investment and spending habits. The survey gives us a broad understanding of how increasing gender equality and empowerment is giving women the confidence to take charge of their lives, both personally and professionally. The findings will enable IndiaLends to offer tailor-made offerings to salaried and self-employed women, as part of our ongoing efforts to create a supportive environment that will give women greater freedom to make their own financial choices”.

The survey was carried out among 8,800 working women in the age group of 25 to 45 in both metro and non-metro cities. The study also finds that an impressive 88 percent contribute to household income, though self-employed women enjoy a higher share of income. Personal loans were preferred by 50 percent instead of home loans/loans against property.

Astonishingly, 86 percent of women said that they enjoyed a good work-life balance. But, 64 percent admitted that they get only less than five hours of ‘me time’ every week. When it comes to health, only 48 percent goes for regular health checkups. In regards to spending, 67 percent spend mostly on household while 22 percent spent on personal care products.

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