How Indians plan their retirement, in 5 charts
2 years, 7 months ago

How Indians plan their retirement, in 5 charts

Live Mint  

Most Indians expect their children to provide them financial stability when they get old, with 28% yet to start saving for retirement, a new survey has found. Rural Indians know less of old-age financial planning needs, and also save less, often due to uncertain income flows, found the ‘Digital and Financial Inclusion Barometer’ survey by Sambodhi, a research group, and pinBox Solutions, a global digital micro-pension inclusion platform. Better financial literacy, increased access to financial advisors, and normalized discussions on money matters could improve retirement planning, especially in rural areas, experts said. However, this does not make rural respondents any more reliant on their children for their old age: rather, in some demographics, they are far less likely to do so than their urban counterparts despite constrained incomes. In urban India, the median age when respondents say one should start thinking about retirement savings is 26, while the same is 28 for rural respondents.

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How young Indians are saving and investing in 2024: Stocks surge ahead of Mutual Funds as top investment choice
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Live Mint  

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Rs 65 Lakh Ideal Retirement Corpus; People Realising Importance Of Annuity, Says Report
1 year, 9 months ago

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News 18  

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Live Mint  

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Live Mint  

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4 years, 3 months ago

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Live Mint  

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