The cost of their children's education is the biggest concern for parents in Delhi.
In a survey conducted by Aviva Education Insight and compiled by IMRB International, which focuses on saving habits of young parents in the country, it has been revealed that in Delhi 76% of parents are saving for their children's education, higher than the national average of 72%.
Concern about their child's education is also the highest among Delhiites with 96% parents are most concerned about their child's education followed by work and career (64%), health (50%) and marriage (30%). (Areas of concern overlap with one another; hence percentages do not add up to 100%)
In a surprising finding, it has been revealed that parents in the Capital start to worry about school fee right from the playschool years of their children. For 78% parents in Delhi, school fee is the topmost concern while selecting a playschool.
"This could be primarily because Delhi schools have a very high fee structure in comparison to other parts of the country," the survey states.Across the country, 57% parents want to send their children to playschools, which increase the education expenses of the child. In non-metros, the figure is even higher at 71%.
The perception that parents worry the most about their children's marks is also thwarted by the study. Concern about schools fee also supersedes the concern about performance at school. Nearly 45% parents are more concerned about the cost of education than the marks gained by the child (10%).
Nationwide, 30% parents worry about educational expenses, while 12% worry about marks.
The survey was conducted across 11 Indian cities, including Delhi, Chandigarh, Kolkata, Mumbai, Ahmedabad and Chennai. Around 2,402 parents across all ages and socio-economic classes were interviewed and their saving patterns reviewed.
In what is a heartening trend, 35% parents in the city said they will let their children decide what they want to do when they grow up. Engineering is the topmost choice for 19% parents, while 15% parents want their child to become doctors.