Library Publications Can Money Buy You Happiness?

Can Money Buy You Happiness?

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Over the next decades, demographic changes in India are expected to challenge the role of the extended family in providing old age security. Despite the launch of low income-targeted pension services, it is still unclear whether the low income households see a real need for old age provisioning and whether pensions can be a trusted provisioning tool.

This report investigates how low income working age respondents think of old age and how they prepare for it. While many know that they can no longer rely on the extended family, few are able to prioritise old age provisioning. By asking how and why people do and don’t provision, the report establishes common concerns and themes that providers of old age tools should consider addressing.

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