household expenses

Bank fixed deposits most favourite form of investment for low, high income groups, mutual funds catching up: Survey

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Bank fixed deposits most favourite form of investment for low, high income groups, mutual funds catching up: Survey

The Moneyview Savings Index 2024, which was conducted during the financial year ended March 2024, showed that 72% of the respondents earning over Rs 50,000 monthly salary have higher savings compared to just 51% of those earning less than that. It stated lower-income groups often opt for safer options like savings accounts even though interest … Read more

67% of Indians consider themselves ready for retirement, survey finds

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67% of Indians consider themselves ready for retirement, survey finds

Earlier, retirement was associated mainly with fulfilling obligations to one’s family. Over the years, its definition has changed to seeking self-worth and self-identity—nurturing a person’s inner self by taking care of themselves and exploring their interests. Today, Indians are seeking control over their finances without compromising on their aspirations, reveals the PGIM India Retirement Readiness … Read more