According to this year’s Savings Quotient, the average wallet share of savings dropped to 32%. More than 70% people chose emergency expenses, medical or otherwise, as the primary reason to save.

The global pandemic has changed our lives, priorities, and aspirations. To understand these changes better and to grasp what the future holds, BankBazaar conducted a nation-wide study of salaried Indians between the age of 22 and 45.