Originating in 1992, with the popularity of the book, “Your Money or Your Life”, the FIRE (Financial Independence, Retire Early) movement has gained prominence because of its promise of freedom and autonomy. Find out how it is redefining retirement dreams for Indian millennials and Gen Z.
For decades, the image of retirement in India has been synonymous with an elderly gentleman, perhaps your grandfather’s age, seated on a porch, rocking in a wheelchair, his grey hair catching the fading light of his twilight years. However, a paradigm shift is underway. With the entry of millennials and Gen Z into the workforce, the FIRE (Financial Independence, Retire Early) movement is rewriting the narrative surrounding retirement.
Emerging in 1992 with the popularity of the book, Your Money or Your Life, the FIRE movement gained prominence because of its tantalising promise of “freedom and autonomy”, according to Dr Taranjeet, dean of the School of Behavioral and Social Sciences at MRIIRS.