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Not retirement planning but children’s needs, family’s financial security top priorities for Indians: Survey

23.10.2020

Sanjeev Sinha - Financial Express, 20 October 2020.
Indians are today saving and investing less and focusing more on current expenses than future planning. Retirement planning, in fact, comes way down in their list of priorities, and is positively correlated to income, not age. This shows that Indians plan for retirement when they have surplus money, and can save without sacrificing current comforts, according to PGIM India Mutual Fund’s Retirement Readiness Survey 2020.