Employees are inadequately prepared for their post-retirement life, says survey
By Abha Manakatala - Fri Feb 19, 10:25 am
Employees in India are inadequately prepared for their post-retirement life as retirees are facing challenges in form of rising medical and education expenses in addition to the weakening joint family system, says a survey.
Reportedly according to the Willis Towers Watson Global Benefits Attitudes Survey, employees are facing the issue despite the fact that Indians save more than their counterparts in the western world.
Rising medical and education expenses, inflationary pressures and a weakening joint family system are some key reasons for this concern, the report said adding that “if not acted upon soon, in the next decade or two, India might be faced with the critical challenge of retirees having inadequate income”.