New Delhi, May 21 -- India is steadily moving towards a retirement preparedness crisis, as a majority of middle-aged earners lack both structured financial planning and professional guidance, according to a recent survey conducted by 1 Finance.

The survey, conducted among 1,218 Indians aged between 40 and 60 years, revealed a striking trend: 75.5% of respondents do not have a detailed retirement plan or defined financial metrics to prepare for the future effectively.

Despite this lack of preparedness, 61.4% of respondents without a clear retirement strategy still believed they would retire comfortably. The finding highlights a sharp disconnect between financial confidence and actual readiness.

The study also pointed to a significant re...