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Jayant Mundhra

ย โ€ขย 

Dexter Capital Advisorsย โ€ขย 9m

Imagine 1/5 Indians being 60+ in age ๐Ÿ“›๐Ÿ“› While we talk of demographic dividend, and being the worldโ€™s youngest major nation, we often miss one key point. That, we are also one of the worldโ€™s fastest-aging societies. .. Right now, 6% of our population is above 60yrs of age. In 20 years, this is expected to be >20%! But, is an avg Indian planning for the financial needs of those added years of senior citizen life? Thatโ€™s one thing which struck me recently while reading NITI Aayogโ€™s report on senior healthcare challenges in India. .. This becomes increasingly important because: -> In all likelihood, most Indians will go past the 60yrs mark without getting to mid-income segment ever -> And as a society, we are increasingly moving to nuclear setups, where the ones to take care of the elderly financially are falling in numbers This in a society where per capita healthcare and living costs continue to zoom dramatically, is a big trouble, no? .. Thus, it will be a big challenge for these people to fund those additional years of life. To address these challenges of tomorrow, whatโ€™s needed is action in the present day. But, most of us are hardly even aware of the challenge. So acknowledging and addressing it seems pretty far-fetched. What do you think? How can we change this status quo? Seeking genuine ideas.

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