Gå ubegrenset med Magzter GOLD
Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare
Prøve GULL - Gratis
Why Real Estate Is Not A Retirement Plan
The New Indian Express
|October 21, 2024
BUYING a home is the first preference of Millennials and Gen X in India. Millennials are people born between 1980 and 1996.
Gen X people are born between 1965 and 1980. These two categories are the highest income earners, and their future investment plans include buying a home as a top priority.
In a survey of over 7,500 people of multiple generations and incomes for the industry body Federation of Indian Chambers of Commerce and Industry (FICCI), Anarock Research, a real estate consulting firm, provides interesting insights.
About 66% of the Millennials and 41% of Gen X are keen to buy a home. Regarding the young, represented by Gen Z, 39% say they want to start a business. These are people born between 1997 and 2012.
When asked about retirement, only Gen X and the previous generation, Baby Boomers (people born between 1946 and 1964), prefer that.
When people prefer physical assets for investments, that should be a matter of concern. The government of the day should take serious note of it. That means people believe retirement is possible only if you own a house. It also shows the inadequacy of retirement planning and execution at all levels.
Denne historien er fra October 21, 2024-utgaven av The New Indian Express.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA The New Indian Express
The New Indian Express
THIRD CHAPTER UNFOLDS
Carnatic progressive rock pioneers Agam drop their third album, Arrival of the Ethereal, a magnum opus that unites 300 musicians worldwide
6 mins
October 03, 2025
The New Indian Express
India pares Russian crude imports, but Moscow remains top supplier
Oil shipments from Russia drop marginally from 2 mbd in August to 1.6 mbd in September
2 mins
October 03, 2025
The New Indian Express
Probe on TN pharma firm as 8 kids die in MP and Raj
Drug administration stops sale of Coldrif, freezes stock at plant
2 mins
October 03, 2025
The New Indian Express
India warns Pak over any buildup in Sir Creek area
Rajnath Singh says any misadventure will invite decisive response
1 mins
October 03, 2025
The New Indian Express
A rare start for Kuldeep ahead of bigger tests
WASHINGTON Sundar has big shoes to fill in this Indian side, especially in home Tests. He will be tasked with filling the hole left behind by R Ashwin's retirement post the last home season.
2 mins
October 03, 2025
The New Indian Express
Senthil Balaji blames Vijay's late arrival, poor planning and lack of amenities for stampede
RESPONDING to TVK president Vijay's video message, former minister and Karur MLA V Senthil Balaji said the stampede could have been avoided had the actor-politician complied with the conditions laid down by police and arrived at the venue on time.
2 mins
October 03, 2025
The New Indian Express
TN to commence RTE admissions as centre releases its share of ₹538 cr
Govt announces 10-day window to regularise kids enrolled under RTE in unaided, non-minority schools
2 mins
October 03, 2025
The New Indian Express
Ladakh administration orders magisterial probe into 4 deaths
Wangchuk’s supporter dies by suicide, bros say he was depressed after Sept 24 incident
2 mins
October 03, 2025
The New Indian Express Chennai
MOON-KISSED MAGIC
The Autum Moon Festival takes you on a culinary journey through China's harvest season
2 mins
October 03, 2025
The New Indian Express Chennai
5+ years on, China air link from Oct 26
INDIA and China have agreed to resume direct commercial flights by this month-end, marking yet another notable step toward normalising bilateral ties that have remained strained since the 2020 border standoff.
1 min
October 03, 2025
Listen
Translate
Change font size