mumbai only a third in india are regularly saving for retirement while 33 per cent of working respondents globally are putting aside for their later life to a report the lack of saving is likely linked to knowledge how much money is needed in as well as prioritising their immediate situation planning for their older years according to hsbc s the future of retirement bridging the gap report for many retirement is longer a short period tacked on the end our it can be a long and very fulfilling part of a person s life with that our needs at 65 can be very different from our needs at 75 or 85 with very different financial implications india head of retail banking and wealth management ramakrishnan s the research for this report carried out online by ipsos on behalf hsbc adults in 16 markets including argentina canada china malaysia mexico singapore taiwan france hong kong india indonesia turkey uae uk and usait revealed that only 19 per cent of working age people are saving future nursing or care home fees this is despite half 51 per cent claiming be concerned affording residential care when in it added meanwhile the found that over half of working age 56 cent are living on a day to basis financially a further per cent only save for term goals almost half 45 per cent also admit they prefer spending on enjoying today rather saving for tomorrow it the lack of saving also be linked to many people not considering older years as retirement at all with over two thirds of working age people per cent expecting to continue working some extent and more than half 54 per cent hoping a business or new venture it said when it comes to knowing the amount of money they will need in retirement almost two thirds per cent of age respondents said they were aware of the of typical home fees also the report that this leading generally positive view across people are looking forward to greater freedom away from the to five 76 per cent taking up hobbies and interests 72 per cent and getting fit per cent it added