Preparing for life events
- The four most commonly experienced events over the past 10 years were:
- Paid for a child's school/university education (35%)
- Bought a home (32%)
- Got married (28%)
- Started a family (26%)
- The top 5 financial priorities:
- Saving and investing for a comfortable retirement (46%)
- Growing my health (45%)
- Providing for long-term health care needs (42%)
- Financial children's education (39%)
- Being able to earn or draw an income from my savings and investments (33%)
- The majority expressed confidence that they knew how much they need to save for retirement (75%) and 67% were confident that their investments will ensure they live a comfortable life during retirement.
- What advice would Indians give to their younger self
- Start saving for retirement from a younger age (54%)
- Save more (54%)
- Think long term with investments (44%)
- Spend less (41%)
- Keep less money in cash and invest more (36%)
- Make retirement saving a priority (35%)
- Pay off debts sooner (33%)
- Use professional advice (32%)
- Take fewer risks with savings and investments (32%)
- Stay in the workforce longer (30%)
- Invest in the stock market (28%)
- Don’t dip into savings too often (15%)
Next: Use of financial advice
