The majority of affluent parents (about 78%) want to send their children abroad to study or Their children are already studying in foreign universities. However, their financial preparation for this goal is not satisfactory. This has come to light in HSBC's study. According to the HSBC report, they prioritize their children's international education over retirement. Apple gave it.

By the year 2025, approximately 20 lakh Indian students are likely to study abroad. The study titled 'Quality of Life' states that, 'Expenditures are continuously increasing and funds are This is the main concern of the parents. 64 percent of the retirement savings of Indian parents in America, Europe etc. The funds are spent annually on the cost of the degree program. This survey was conducted on 1,456 Indian women.

According to the survey, only 53 per cent of Indians have an education savings plan to educate their children abroad. છે. In the survey, 40% of parents said that their children would take student loans, while 51% expected They hope that they would get scholarships. The study notes that, 'In addition to securing funding, parents were also concerned that Which course, university etc. will they choose and how suitable will it be?

An increase in the cost of living is the biggest concern.

Apart from the cost of a child's education abroad, one also needs to consider the financial goals, health risks etc. of the study. Was also evaluated. The rising cost of living, high inflation, and health are among the top five concerns of global rich problems, high healthcare costs and not having enough savings for a comfortable retirement. The top financial goals for Indians surveyed were to support the family financially, Save money for financial security, invest in property, saving for children's education and retirement. Planning is involved.

Increase in investable wealth of rich Indians

Despite concerns, most Indians believed they were doing well financially. More than 60 per cent of the people surveyed said that their liquid/preventable There has been an increase in the value of assets, while 36 per people said that there has been little change in the value of these assets. Let's go. Retiring early may be the mantra of the younger generation, but more than 60 per cent of affluent Indians say that They plan to work even after retirement.