Influence of Income on Retirement Saving Behaviour

Influence of Income on Retirement Saving Behaviour

Ravikumar K

Ravikumar K "Influence of Income on Retirement Saving Behaviour" Published in International Journal of Trend in Research and Development (IJTRD), ISSN: 2394-9333, Conference Proceeding | ESMRP-19 , September 2019, URL:

As soon as the individual starts earning he should start saving for retirement as it is never too early to start saving for retirement. Retirement savings or creating retirement corpus is not a short term process, but a time consuming long term process. People in India is still unaware about the issue of retirement saving. But they are not aware about the amount of money required during their retirement which is quite more than what is saved by their government and company. The objective of this study was to find out Income as one of the differential factor that influences retirement planning and saving behavior of the private sector employees of Karnataka region. Descriptive and casual research design was used by surveying the sample of 400 employees of age 25 to 60 years through Questionnaire. The results revealed that income has its impact on the way of retirement saving. Thus with the right kind of planning and sufficient savings, retirement can be a cheerful time spent pursuing hobbies, travelling and relaxing. On the other hand, lack of planning can leave one worrying about every penny spent and wondering whether funds will last for the lifetime.

Retirement, Savings, Influence, Corpus, Investors

Conference Proceeding | ESMRP-19 , September 2019


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