Vector News

  55% of Today’s Generation May Face Old Age Without Pension: A Silent Social Crisis By : Vijesh Nair Date : 23/12/2025 Introduction India is moving fast towards economic growth, digitalisation, and flexible employment. But behind this progress lies a worrying truth: nearly 55% of the present working generation may enter old age without any pension or retirement security . The main reasons are the rise of contract labour , the dominance of the unorganised sector , and the breakdown of the traditional joint family system into micro families . This silent crisis is already unfolding and could turn into a massive social emergency in the coming decades. Rise of Contract Labour and the Unorganised Sector Over the last two decades, India has seen a sharp increase in: Contract-based jobs Gig and platform work Daily wage and casual employment More than 90% of India’s workforce is employed in the unorganised sector . These workers usually do not receive : Provident Fu...