Gen X people are born between 1965 and 1980. These two categories are the highest income earners, and their future investment plans include buying a home as a top priority.
In a survey of over 7,500 people of multiple generations and incomes for the industry body Federation of Indian Chambers of Commerce and Industry (FICCI), Anarock Research, a real estate consulting firm, provides interesting insights.
About 66% of the Millennials and 41% of Gen X are keen to buy a home. Regarding the young, represented by Gen Z, 39% say they want to start a business. These are people born between 1997 and 2012.
When asked about retirement, only Gen X and the previous generation, Baby Boomers (people born between 1946 and 1964), prefer that.
When people prefer physical assets for investments, that should be a matter of concern. The government of the day should take serious note of it. That means people believe retirement is possible only if you own a house. It also shows the inadequacy of retirement planning and execution at all levels.
Denne historien er fra October 21, 2024-utgaven av The New Indian Express.
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Denne historien er fra October 21, 2024-utgaven av The New Indian Express.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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India go for broke but Kiwis hold ground
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RED-LETTER DAY FOR NEW ZEALAND
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