Try GOLD - Free
HOW RETIREMENT PLANNING IS TOUGH IN INDIA
The New Indian Express
|October 28, 2024
IT is that time of the year when you are in a spending mode. You are buying something for yourself or your loved ones.
You care about your family and ensure you are with them to celebrate your time together. You do that year after year. At some point in your life, you would like your children or loved ones to do the same thing for you and their families. You need to do financial planning to ensure a smooth transition of responsibilities from one generation to another. That must start when you are not the responsible one.
When young and independent for the first time, you are keen to explore the world. There is barely any time to think about financial planning or retirement. A real estate firm Anarock survey for the industry body FICCI showed that the two younger generations, Gen Z and Millennials (People born after 1980), barely think about retirement planning. There is very little interest in the subject among the young. That is perhaps a systemic problem in India.
This story is from the October 28, 2024 edition of The New Indian Express.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The New Indian Express
The New Indian Express Chennai
Natural Vs Conventional: Study finds new social structure in farming practices
NATURAL farming is class and caste specific, with no substantial benefits in terms of monetary gain or dietary diversity compared to conventional farming.
2 mins
October 04, 2025
The New Indian Express Chennai
Dead Beat: How to Make Leather Sing!
(Antony Sowriyar in conversation with TM Krishna and Praveen Sparsh)
1 mins
October 04, 2025
The New Indian Express Chennai
KUMKI 2 TO HIT THEATRES NEXT MOΝΤΗ
DAYS after unveiling the first look, the makers of director Prabu Solomon's Kumki 2 announced that the film will release in theatres on November 14, on the occasion of Children's Day.
1 min
October 04, 2025
The New Indian Express Chennai
Rhythms of the lesser known
HE audience was in for a musical treat not a performance, but an in-depth journey into the making of the traditional musical instrument of south India itself.
1 mins
October 04, 2025
The New Indian Express Chennai
TILLY TELLS TALES FROM NEAR FUTURE
TWO giant strides in the artificial intelligence industry one achieved, another threatened-are rekindling existential anxieties.
3 mins
October 04, 2025
The New Indian Express Chennai
Rivers swell in Chamoli in post-monsoon deluge
POST-monsoon rains lashing Uttarakhand's Chamoli district have led to a significant rise in the Alaknanda and Pindar rivers at Karnaprayag, causing widespread waterlogging and disruption.
1 mins
October 04, 2025
The New Indian Express Chennai
Edappadi accuses Stalin of 'selective sympathy' to reap political gains
AIADMK general secretary Edappadi K Palaniswami on Friday accused Chief Minister MK Stalin of playing politics over the Karur tragedy, stating that he (CM) did not bother to comfort the victims of the Kallakurichi hooch tragedy last year, but visited Karur victims overnight only because of the upcoming Assembly elections.
1 mins
October 04, 2025
The New Indian Express Chennai
Arulnithi's next titled Rambo
ON Friday, the streaming platform Sun Nxt released the title, first look, and release date of Arulnithi-Muthaiya's upcoming film.
1 min
October 04, 2025
The New Indian Express Chennai
'No provisions': Pilots can't be in AI Ahmedabad crash probe committee
THE Aircraft Accident Investigation Bureau (AAIB) has informed a leading pilot body, the Airline Pilots' Association of India (ALPA INDIA), that it would not be possible to include pilots in the ongoing final probe into the AI 171 crash at Ahmedabad.
1 mins
October 04, 2025
The New Indian Express Chennai
Scrapped comps to be donated to govt schools
THE Centre has found a way to reduce the stash of old computers and laptops in government offices, as the usable machines declared scrapped will be donated to state-run schools and other educational institutions.
1 mins
October 04, 2025
Listen
Translate
Change font size