1. Many working age people not saving for retirement

Many working age people not saving for retirement

Nearly half of retirees use cash savings and deposits to fund their retirement, followed by life insurance.

New Delhi | Updated: July 24, 2016 11:45 AM

Nearly half of retirees use cash savings and deposits to fund their retirement, followed by life insurance. A survey by HSBC says one in seven working age people expect to use property to fund their retirement and 47% of working age people in India have either not started saving for their retirement or have stopped or faced difficulties while saving for their future.

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