You think from your age of 50 till your age of 60 years you will earn well and be able to invest aggressively for your retirement. Then tragedy strikes. You are forced to give up your job to look after an ailing parent. Or a sibling. Or perhaps a sibling.
Will you give up your job? In a country like India where domestic help, visiting doctors, live in maids, live in nurses – are still available, you may still have to leave your job.
How prepared are we to do this? Well are you physically and financially ready for this….that is the question.
Unfortunately or sadly there is just not enough Indian research on such topics. It is also very difficult to estimate the opportunity cost of this. So we need to go to the US of A for the answers or hope that the details would be similar to what research we have for the US population…
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