x

How Young India Saves & Invests

Home »  Magazine »  How Young India Saves & Invests
How Young India Saves & Invests
Cover Story
OLM Desk - 28 July 2022
Young India is willing to take moderate-to-high risk for better returns, unlike their conservative predecessors, according to the findings of the Outlook-Toluna Independence Day Youth Survey, carried out jointly by Outlook magazine and Toluna and released in July 2022. As many as 80 per cent of the respondents said they were willing to take moderate-to-high risk. Not surprisingly, the youth from the western part of the country showed higher inclination towards high-risk investments. Compared to the national average of 29 per cent, 36 per cent of respondents in the west zone were willing to take higher risk. However, the quantum of savings among the youth is not that high, with 60 per cent of the respondents saving only 30 per cent or less of their monthly income. The survey also showed that women saved more than men—16 per cent of female respondents saved 50 per cent or more of their monthly income. The survey was carried out among roughly 1,800 respondents across the country. Investments When it comes to investing, life insurance and equity are the two most popular...
Annuities May Not Be The Answer
Balancing Between Debt And Equity