Archive · 21 Nov 2025
India's Retirement Crisis: 70% Elderly Rely on Family
In India, most elderly people rely on their families for financial support in retirement.
This is a big problem because families might not always be able to help.
People should start planning for retirement earlier, but many don't.
This is made worse by high healthcare costs and people living longer.
Even taking money out of retirement savings early can cause problems.
A wealth advisor says we need to start thinking about retirement first, not last.
70% of Indians above 60 are entirely dependent on family for retirement
Less than 10% contribute regularly to retirement schemes like EPF or NPS
Healthcare inflation and increasing life expectancy exacerbate the crisis
Mid-career EPF withdrawals and underestimation of post-retirement costs contribute to the issue
Wealth advisor Nithin Pushkaran warns of the urgent need for retirement planning
- Who
- Indians above 60
- What
- Face retirement crisis
- When
- Currently
- Where
- India
- Why
- Lack of retirement planning, high healthcare costs, increasing life expectancy, and mid-career EPF withdrawals
- Percentage of elderly dependent on family
- 70%
- Percentage contributing to retirement schemes
- <10%
- Healthcare inflation rate
- 11-14%
- Average life expectancy
- >70 years
- Retirement planning advice
- Start planning early, make retirement a priority