Empirical Evidence of Household Savings Objectives : A Demographic Comparison

Authors

  •   Suman Chakraborty Assistant Professor, Faculty of Commerce and Management, M. S. Ramaiah University of Applied Sciences, Bengaluru
  •   Sabat Kumar Digal Lecturer, P. G. Department of Commerce, Utkal University, Bhubaneswar -751 004, Odisha

DOI:

https://doi.org/10.17010/ijf/2015/v9i10/79560

Keywords:

Investors

, Liquidity, Safety, Saving Objectives, Retired Investors, Non-Retired Investors

E21

, G11, G23

Paper Submission Date

, June 28, 2015, Paper sent back for Revision, August 10, Paper Acceptance Date, September 7, 2015

Abstract

Investment is one of the foremost priorities for every individual household - whether working or retired from regular service life. Investment of today would be tomorrow's financial security. The present study made an attempt to assess households' saving objectives and study the perceptions of respondents towards financial products that provide social security. The study is based on primary data that were collected through a survey of 567 respondents using a structured questionnaire from working as well as retired respondents in Odisha state to find out their preferred savings goals. The results showed that savings objectives significantly influenced the households to save differently as per their demographic profiles considered in the study.

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Published

2015-10-01

How to Cite

Chakraborty, S., & Digal, S. K. (2015). Empirical Evidence of Household Savings Objectives : A Demographic Comparison. Indian Journal of Finance, 9(10), 36–47. https://doi.org/10.17010/ijf/2015/v9i10/79560

Issue

Volume 9, Issue 10, October 2015

Section

Articles
Crossref
Scopus
Google Scholar
Europe PMC

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