Abstract
Social security becomes the emergent issue of the world. For developing countries, it is very difficult to provide the social security to whole population but it is very important for the welfare for entire society. In all phases of life, social and economic security is necessary but need of security is increased in the old age because human not remains so efficient to do the work and they have no regular source of income in this phase of life. Main aim of this paper is to find the relationship between the demographic variables and social security conditions and retirement planning of salaried class investors of Haryana state. Total 150 is the sample size. The data is collected through a well structured questionnaire for salaried class investors of Haryana state. Main finding of this paper is salaried class investors have same level of social security conditions on the basis of different demographical variables such as gender, age, marital status, nature of employment, job experience, annual income and number of dependent family members.
Highlights
Nowadays social security becomes the emergent issue of the world
Some pension plans are operating by the government to provide the social and economic security to its employees and their family like old pension scheme and new pension scheme
Interpretation: t-test statistics was applied for the finding the relationship of marital status and social security for the statement “Number of persons in my family other than me save for old age”, it has been found that the significant p value for this statement is 0.244 greater than 0.05
Summary
Nowadays social security becomes the emergent issue of the world. Providing social security to the population in developing countries becomes more difficult than the developed countries because developing countries are facing the vital problems like inequality of wealth distribution, poverty, slow improvement in rate of capital formation, poor quality of human capital, unemployment, poor educational level etc. The null hypothesis is accepted.Finding the relationship of gender and social security for the statement “I prefer to live with children during post retirement period”, it has been found that the significant p value for this statement is 0.075 greater than 0.05 (at 5 percent significance level) It is not significantly difference between male and female. Finding the relationship of gender and social security for the statement “I prefer to live in old age home during post retirement period”, it has been found that the significant p value for this statement is0.188 greater than 0.05 (at 5 percent significance level)
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