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Future security at risk as retirement saving slumps in 2023, reveals survey

The percentage of savings allocated to retirement has decreased from 45% in 2022 to 38% in 2023, due to escalating expenses. Women are more likely to redirect retirement savings towards other financial goals, with only 34.3% currently saving for retirement compared to 40.1% of men.

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Wave of worry: Retirement savings plummet by 7% in 2023, shows survey

The momentum of savings and investments persists, albeit at a slower rate than in the past. While the decline in savings raises concerns, it s crucial to delve into the underlying reasons. Nevertheless, a noteworthy trend is the growing involvement of women in managing their financial affairs.

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Retirement planning takes a major hit as savings towards retirement shrink: Survey - Money News

Retirement planning takes a major hit as savings towards retirement shrink: Survey - Money News
financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.

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High Cost Of Living, Borrowings Take Toll On India s Aspirations: BankBazaar Survey

High Cost Of Living, Borrowings Take Toll On India s Aspirations: BankBazaar Survey
outlookindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from outlookindia.com Daily Mail and Mail on Sunday newspapers.

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