Retirement saving frequency in India 2018

Published by Sandhya Keelery, Aug 30, 2024
Over 55 percent of workers in India were habitual savers as per a 2018 survey aimed at studying attitudes and preparedness for retirement in India. According to the global findings of the same survey, Indians were the most prepared for retirement that year compared to other countries across the globe.

Frequency of saving for retirement across India in 2018

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Source

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Release date

April 2019

Region

India

Survey time period

January 29 to February 19, 2018

Number of respondents

900 workers and 100 retirees

Special properties

high proportion of respondents from urban areas, therefore more middle and high income workers.

Method of interview

Online survey

Supplementary notes

Note: The following criteria were marked by the source to categorize saving behavior-
Habitual savers: I always make sure that I am saving for retirement; Occasional savers: I only save for retirement occasionally from time to time; Past savers: I am not saving for retirement now, although I have in the past; Aspiring savers - I am not saving for retirement though I do intend to; Non-savers - I have never saved for retirement and don’t intend to.

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