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
Characteristic
Share of respondents
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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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Aegon. (April 5, 2019). Frequency of saving for retirement across India in 2018 [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1030878/india-retirement-saving-frequency/
Aegon. "Frequency of saving for retirement across India in 2018." Chart. April 5, 2019. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1030878/india-retirement-saving-frequency/
Aegon. (2019). Frequency of saving for retirement across India in 2018. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1030878/india-retirement-saving-frequency/
Aegon. "Frequency of Saving for Retirement across India in 2018." Statista, Statista Inc., 5 Apr 2019, https://www.statista.com/statistics/1030878/india-retirement-saving-frequency/
Aegon, Frequency of saving for retirement across India in 2018 Statista, https://www.statista.com/statistics/1030878/india-retirement-saving-frequency/ (last visited August 24, 2024)
Frequency of saving for retirement across India in 2018 [Graph], Aegon, April 5, 2019. [Online]. Available: https://www.statista.com/statistics/1030878/india-retirement-saving-frequency/