More People Wants To Retire: Survey

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Mumbai: Nearly 61 per cent working population in India aged 45 plus want to retire in the next five years, with the majority saying work-related pressure is affecting their mental and physical health.

Also, financial constraints are the biggest reason for those unable to retire, an HSBC survey revealed.

Global bank HSBC’s latest edition of ‘The Future of Retirement Healthy New Beginnings study’ found that 61 per cent of the working population in India aged 45-plus want to retire in the next five years.

However, 14 per cent of them believe they will be unable to do so. Majority of them said they cannot retire as they would struggle financially.

The findings of the study bring out an urgent need for Indians to begin saving early and planning well for their retirement, the survey said.

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