50
The four tables also depict how members are planning to finance their dream goals based
on their savings pattern. If a household is in the higher savings quintile then they are
using their savings or able to take loans for fulfilling their dreams. If households are in
the lower savings quintile then they depend a lot on mortgage. For marriage purpose
mortgage seems the main source of financing plan for households who have lower
savings.
Table 8.3
Relation between savings and dream goals Tamil Nadu
Child 1 education
Child 2 education
Savings Loan
Selling
Properties
Mortgage Savings Loan
Selling
Properties
Mortgage
Quintile1
10%
28% 0%
1%
6%
12% 0%
1%
Quintile2
16%
12% 0%
0%
21%
24% 0%
1%
Quintile3
12%
10% 0%
0%
19%
17% 0%
3%
Quintile 4
18%
18% 0%
0%
61%
16% 1%
0%
Quintile 5
75%
50% 0%
0%
25%
75% 1%
0%
Table 8.4
Relation between savings and dream goals Tamil Nadu
Marriage
House related
Savings Loan Selling
Properties
Mortgage Savings Loan Selling
Properties
Mortgage
Quintile1
7%
27%
0%
65%
3%
17% 0%
0%
Quintile2
10%
15%
0%
21%
14%
10% 0%
0%
Quintile3
6%
19%
0%
15%
21%
23% 0%
0%
Quintile4
18%
27%
0%
4%
17%
16% 0%
0%
Quintile5
50%
50%
0%
0%
35%
26% 0%
0%
