India topped a list of countries in its hopefulness about retirement, according to a recent report by HSBC of people's expectations about their post-work life.
- Indranil Mukherjee/Agence France-Presse/Getty Images
- The study noted that optimism about retirement was in inverse proportion to the age of the respondent.
As many as 78% of Indian respondents said they expected to be better off than their parents when they retire. The next most optimistic people were the Chinese, while the French were the least hopeful, with the vast majority of them answering that they would be less well off than their parents, the annual survey said.
About 74% of Indian respondents also said they felt very or at least partially financially prepared for retirement, again putting it near the top of the list, well above the global average of 56% who feel that way.
The study questioned around 17,000 working people across 17 countries, which included both developed nations like the U.S. and France and emerging economies like Brazil, China and India.
It probably helps that for most Indians, retirement is quite far off (the study noted that optimism about retirement was in inverse proportion to the age of the respondent). While many other countries in the survey are rapidly aging, India, the world's second-most populous nation has a working-age population that is likely to increase for at least the next three decades.
In general, Asians were among the most optimistic people when it came to their o [...]
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