{"id":31561,"date":"2024-09-11T16:50:47","date_gmt":"2024-09-11T15:50:47","guid":{"rendered":"https:\/\/newstimers.com\/index.php\/2024\/09\/11\/three-fourths-of-the-countrys-rich-want-to-educate-their-children-abroad-a-big-survey-on-the-education-system\/"},"modified":"2024-09-11T16:50:47","modified_gmt":"2024-09-11T15:50:47","slug":"three-fourths-of-the-countrys-rich-want-to-educate-their-children-abroad-a-big-survey-on-the-education-system","status":"publish","type":"post","link":"https:\/\/newstimers.com\/index.php\/2024\/09\/11\/three-fourths-of-the-countrys-rich-want-to-educate-their-children-abroad-a-big-survey-on-the-education-system\/","title":{"rendered":"Three-fourths of the country’s rich want to educate their children abroad, a big survey on the education system"},"content":{"rendered":"


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There has been a deep attraction among the wealthy families of the country towards studying and teaching abroad. A recent survey has claimed that three-fourths of the rich in the country want to educate their children abroad. According to the survey report, more than three-fourths of the rich Indians have either sent their children abroad for education or are planning to send them. In a survey conducted on 1456 Indians in March, it has been said that 78 percent of the people said that they are willing to educate their children abroad.<\/p>\n<\/div>\n

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The report said that the 1456 Indians surveyed had investable surplus ranging from Rs 84 lakh (100,000 USD) to about Rs 17 crore (200,000 USD). Investable surplus is the amount that is kept aside from the total assets.<\/p>\n<\/div>\n

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The Global Quality of Life 2024 survey conducted by foreign bank HSBC states that the US tops the list of favorite countries for Indians. It is followed by Britain, Canada, Australia and Singapore. The survey says that the desire of Indian parents to educate their children abroad is so strong that they are even ready to bear financial hardships. The survey also revealed that many parents are eager to spend their lifelong earnings and retirement money on this.<\/p>\n<\/div>\n

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The survey says that the expected or actual cost of education abroad is US$ 62,364 annually and can cost up to 64 percent of a parent’s retirement savings. The survey says that most parents not only exhaust their savings for their children’s education abroad, but many parents also take huge loans, while many even sell their movable and immovable assets.<\/p>\n<\/div>\n

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The survey says that the biggest reason behind this is the quality of education abroad. After this, there is the possibility of gaining expertise in a field. The survey says that when a child from India goes abroad to get education, the biggest concern faced by their parents living in the country is related to money. Only after that, some parents are worried about social or mental concerns.<\/p>\n<\/div>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"

There has been a deep attraction among the wealthy families of the country towards studying and teaching abroad. A recent survey has claimed that three-fourths of the rich in the country want to educate their children abroad. 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