44% single women in India aspire to own a house and 70% aim for career advancement: Study

More single women in India aspire to own a home than single men, with financial independence and career growth emerging as top priorities—reveals a new study.

March 03, 2025: Ahead of Women’s Day, a study by fintech and consumer lending app Fibe highlights home ownership and career advancement as the top two long-term aspirations of single women in India.

The study shows that 44% of single women aim to buy a house, a higher percentage than single men. In terms of financial independence, 30% of single women prioritise this goal, compared to 21% of single men. Single men, however, show greater interest in acquiring new technology and gadgets. Additionally, 70% of single women prioritise career growth, compared to 58% of married women. Among married respondents, 52% of women expressed a stronger desire for homeownership compared to 45% of married men.

 

Study demographics

The ‘Fibe-Millennial Upgrade Index,’ conducted among 8,000 individuals across metros and non-metros, provides insights into the aspirations of young Indians. Respondents were predominantly below 30 years old (47%), followed by those aged 30-35 (26%), 35-40 (14%), and above 40 (13%).

 

Long-term goals

Homeownership (41%), entrepreneurship (21%), and financial independence (19%) emerged as the top three long-term goals among Indian millennials. More than 41% of those aspiring to buy a house are under 30. The study also indicates that millennials in non-metro areas show a stronger preference for starting their own businesses than those in metros.

 

Short-term goals

In the short term, millennials focus on upgrading their lifestyle, improving convenience for family, and exploring new experiences. The study highlights that 60% of respondents in metro cities prioritize securing a better job due to increasing competition.

 

Barriers to achieving aspirations

Financial constraints remain the biggest hurdle, with 45% citing it as a major challenge.

  • Long-term goals: 35% of millennials prioritise other family expenses over personal aspirations, while 15% struggle with a lack of financial planning.
  • Short-term goals: 23% of respondents mention medical expenses and family needs as priorities, while 13% cite time constraints and 8% mention lack of motivation.

 

Plans to achieve aspirations

To achieve their long-term goals:

  • 39% plan to save and manage finances strategically.
  • 21% intend to explore additional income sources.
  • 29% would seek credit.

For short-term goals:

  • 26% plan to save before making purchases.
  • 59% would opt for financial solutions or credit.

A growing number of individuals are considering digital lending platforms for financing needs, with 21% exploring alternative income sources for better financial planning. Digital lending is gaining traction, particularly for education and healthcare expenses.

 

Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com
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