Live Breaking News & Updates on He Market Seems To Offera Big Demand Owing The Increase In Base And Changing Mindsets

Mumbai (Maharashtra) [India], April 11 (ANI/PNN): Consumer Knowledge firm, Ormax Compass today released its report titled 'Expectations of Post Retirement Life' which delved into the minds of senior citizens from MMR (Mumbai Metropolitan region) to see how they imagined their retired lives. The study pointed out that in the MMR region by 2031, there would be 2.4 million senior citizens who will be living on their own. It further shows how retirees are relooking at their post-retirement plans in recent years. Among the notable findings of the study, senior citizens in MMR are prepared to live alone in a nuclear environment. Many respondents expressed their belief that they would probably be the last generation to provide care for their aging parents, and did not expect their children to take care of them during their old age. They believe that they themselves need to be prepared financially, physically and emotionally to take care of themselves. They are very pragmatic about thi ....

Priya Lobo , Consumer Knowledge , Ormax Compass , Post Retirement Life , Mumbai Metropolitan , Active Ageing , Human Psychology , Behavioral Understanding , Mumbai Maharashtra India , Pril 11 Ani Pnn Consumer Knowledge Firm , Rmax Compass Today Released Its Report Titled 39 Expectations Of Post Retirement Life Which Delved Into The Minds Senior Citizens From Mmr Mumbai Metropolitan Region To See How They Imagined Their Retired Lives Study Pointed Out That In By 2031 , Here Would Be 2 4 Million Senior Citizens Who Will Living On Their Own It Further Shows How Retirees Are Relooking At Post Retirement Plans In Recent Years Among The Notable Findings Of Study , Enior Citizens In Mmr Are Prepared To Live Alone Ina Nuclear Environment Many Respondents Expressed Their Belief That They Would Probably Be The Last Generation Provide Care For Aging Parents , Nd Did Not Expect Their Children To Take Care Of Them During Old Age They Believe That Themselves Need Be Prepared Financially , Hysically And Emotionally To Take Care Of Themselves They Are Very Pragmatic About This , Nd Do Not Wish To Bea Burden On Their Children Or Family Maharashtra With An Estimated Population Of 125 Million Has Elderly Share 11 7 , Hich Is Higher Than The National Average Of 10 It Projected To Increase Further , O Reacha 15 Share By 2031 The Indian 60 Population Was Increasing Faster At 3 8 Pa As Against 2 Previously This Is Based On 2011 Census Where Senior Citizen Number Estimated 103 Million , Ccounting For 8 6 Of The Total Indian Population By 2021 , He Number Has Increased To 139 Million Accounting For 10 Of The Total Population Life Expectancy At Birth In India Was 69 Years 2014 , Xpected To Be 71 Years In 2030 And Is Projected Increase Up 75 By 2050 Priya Lobo , Eo At Ormax Compass , Uot Analysing The Mind Set Of Senior Citizens In Mmr Could Benefit Creatinga Congenial Living Environment We Observeda Shift 39 Thinking And By Next Decade , T May Becomea Norm For Elders To Live On Their Own Besides Real Estate , He Ormax Compass Analysis Should Be Beneficial For Designing Financial Programs Related To Insurance And Even Plan Corporate Benefits Retiring Employees Quot Senior Citizens May Not Have Been High Focus The Realty Sector As Much Younger Buyers But Today , He Market Seems To Offera Big Demand Owing The Increase In Base And Changing Mindsets ,