Investors' Perception towards Retirement Planning: An Empirical Study

Abstract

The Indian economy is growing fast, making it one of the world's quickest-growing economies. However, the country faces big problems that affect its development. One major issue is unemployment, with 80% of workers in the informal sector. The number of people aged 60 and above is increasing rapidly. Many elderly people in India don't have a formal pension, relying on their own earnings and support from their children instead. This informal system isn't reliable for providing financial security in old age and is under pressure. A recent study aims to understand how people view financial and retirement planning and their level of financial knowledge. By analyzing the data using the Chi-square test, researchers hope to draw conclusions and learn from the results. This research focuses on understanding how investors perceive and approach retirement planning.