Open Access Open Access  Restricted Access Subscription Access

Empirical Evidence of Household Savings Objectives : A Demographic Comparison


Affiliations
1 Assistant Professor, Faculty of Commerce and Management, M. S. Ramaiah University of Applied Sciences, Bengaluru, India
2 Lecturer, P. G. Department of Commerce, Utkal University, Bhubaneswar -751 004, Odisha, India

   Subscribe/Renew Journal


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.

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, 2015 ; Paper Acceptance Date : September 7 , 2015

User
Subscription Login to verify subscription
Notifications
Font Size

Abstract Views: 192

PDF Views: 0




  • Empirical Evidence of Household Savings Objectives : A Demographic Comparison

Abstract Views: 192  |  PDF Views: 0

Authors

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

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.

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, 2015 ; Paper Acceptance Date : September 7 , 2015




DOI: https://doi.org/10.17010/ijf%2F2015%2Fv9i10%2F79560