- Fibe’s study shows single women prioritize homeownership and career growth, while millennials focus on entrepreneurship.
- Financial constraints challenge millennials, with many opting for savings, extra income, or credit, while digital lending grows.
A study by Fibe, Indian fintech app, reveals that home ownership and career advancement are top goals for single women on March 5, 2025. 44% of single women prioritize buying a house, with 30% aiming for financial independence. Single men are more tech-savvy, while 70% of single women focus on career growth. Additionally, 52% of married women aspire to own a home, surpassing 45% of married men.
The ‘Fibe-Millennial Upgrade Index,’ surveying 8,000 individuals across metros and non-metros, found that 47% are under 30. Key long-term goals for Indian millennials include homeownership (41%), entrepreneurship (21%), and financial independence (19%). Over 41% of homeownership aspirants are under 30, with millennials in Bharat more eager to start businesses than in metros.
In the short term, millennials in metros focus more on securing a better job due to heightened competition, with 60% identifying this as a key goal. Other short-term priorities include upgrading lifestyle, enhancing family convenience, and experiencing new things.
Fibe’s co-founder & CEO Akshay Mehrotra emphasized that empowering India’s youth is crucial for economic growth. The study reveals millennials' vibrant aspirations and the challenges they face, highlighting the need for tailored financial solutions. Fibe aims to support responsible borrowing, helping individuals fulfill their dreams while managing credit effectively.
45% of respondents identified financial constraints as a major barrier to achieving both short-term and long-term aspirations. For long-term goals, 35% cited family expenses and 15% pointed to poor financial planning. For short-term goals, 23% prioritized medical and family needs, with 13% mentioning time constraints and 8% lack of motivation.
To achieve long-term goals, 39% plan to save and manage finances, 21% will explore extra income sources, and 29% will seek credit. For short-term goals, 26% will wait to save, while 59% will turn to financial solutions. Trust in digital lending is growing, with 21% of millennials, including women, exploring alternative income streams and using loans for edtech, healthcare, and personal success.
