Savings of an average American
Considering you fall in the Indian middle-class category, think about how much did you parents save before they retired, or how much do they plan to save by the time they retire...let me guess, of all the middle-class people I know (around a 1000), everyone has a flat/house and savings that add up to something around 75-80 Lakh rupees.
Now, an average american savings add up to a something between $ 75,000 to $ 200,000 (sources: this and this). So, to the max, the average american saves 1 Crore rupees by his retirement, that too for his economy.
Now, don't you think we (Indians) are far better than them (Americans) in terms of savings. We do save quiet a lot for our future. With that, I think most of the middle-class Indians can grow old and retire peacefully :).
Now, an average american savings add up to a something between $ 75,000 to $ 200,000 (sources: this and this). So, to the max, the average american saves 1 Crore rupees by his retirement, that too for his economy.
Now, don't you think we (Indians) are far better than them (Americans) in terms of savings. We do save quiet a lot for our future. With that, I think most of the middle-class Indians can grow old and retire peacefully :).
PS: I consider an average American savings to an average middle-class Indian savings, else, there is no comparison.
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