Changes

Innovative personal finance products

253 bytes added, 01:13, 3 January 2007
/* India: Demographic trends */
* China, India etc. have a voracious appetite for credit
* People there are very worried about weddings, especially daughters' weddings can be extremely expensive
 
=== 300 million strong middle class ===
* The Indian middle class is 300 million people with a purchasing power of US families with $15,000-$35,000 in annual income
[[Image:PersFin Middle Class.jpg|thumb|center|400px|300 million strong middle class]]
 
=== Education ===
[[Image:PersFin Education.jpg|thumb|center|400px|Children in immaculate school uniforms leaving the most basic housing. Buying these uniforms must put immense strain on the family finances, but education is highly valued. The population is growing faster than schools can be built to accommodate them, so the schools work on a shift system.]]