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To each his own. I hope you might have heard of the great Indian family system where everyone takes care of their elders. So, pension funds would develop in future.

It was just part of discussion to show that this comparison is meaningless. Rich people in Finland would have lots of wealth which cannot be accounted through pension funds. So as I said, this discussion of comparing one sort of financial instrument is useless. Different country, different...

You can sit on a huge pension fund and it is invested in both short and long term instruments. It makes no sense to compare two countries based on what their pension fund size are. Specially if one of them is largely into organized and another in unorganized sector. Most of the Indians have...

Btw, why should we care about pension fund? what does it prove? This is the first economic discussion where someone pointed out pension fund as an indicator. How does it affect anything in the economy, other than being a savings instrument? And savings rate is higher for India- 30% vs 20% of...