Retired people, too, contribute a lot to the economy
Updated: 16 May 2022, 04:28 PM IST
- They indulge in many activities all of which infuses money into the economy. They spend on travel & leisure activities, gift to near and dear ones, indulge in philanthropy, buy goods, vehicles and homes, spend on health and wellness etc. This is over and above their regular living expenses.
The National Pension System (NPS) aims to instil in residents the habit of saving for retirement.