47 per cent Indians are not saving for retirement: HSBC

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Even as financial security after retirement is valued more, a report revealed that 47 per cent of working people in India have not started saving for their future or have stopped or faced difficulties while saving , reports The Economic Times, India.
“A large number (47 per cent) of working people in India have either not started saving for their retirement or have stopped or faced difficulties while saving for their future. This is higher than the global average (46 per cent),” according to the report by HSBC ..
The survey, which was conducted online by Ipsos MORI in September and October 2015, is 13th in the series and represents the views of 18,207 people in 17 countries and territories worldwide, including Argentina, Australia, Brazil, Canada, China, Egypt, France, Hong Kong, India, Indonesia, Malaysia, Mexico, Singapore, Taiwan, United Arab Emirates, United Kingdom and United States.
According to the report, an alarming 44 per cent of working people in India, who had started saving for ..
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