Indians turn to saving more, push back retirement in the wake of covid-19
Click here to read full article from source
New Delhi, Sept. 18 -- The covid-19 pandemic has not only claimed jobs and livelihoods for many Indians but has consequently depleted their savings as well. A report titled Bankbazaar Savings Quotient shows that the pandemic has resulted in shrinking of savings, compelling many Indians to reorder their priorities.
Of those surveyed, 70% reported saving more due to unexpected expenses. Here are some of the other key takeaways from the report.
"Over the last year, the combined impact of the recession, the pandemic and the lockdown has meant that people have less money at hand, whether to spend or save. This reflected in the reduced wallet share for savings," said Adhil Shetty, CEO, Bankbazaar.
This year's survey, condu...
To read the full article or to get the complete feed from this publication, please Contact Us