“If you cannot own a house after 30 years after work for 30 years

Anyone who grew up as a middle -class child in the 1990s in India will continue to remember the pride of the old days when the money reached dining table conversations. After 20 years, a large part of polite conversations revolve around investments and money -making strategies. One of the residence men, while offering a comparison between his childhood and his residents, indicated the changes that have occurred since then that the Indian middle class has eroded practically.

Akshat Shrivastava, founder of startup and creative for the financial education platform, explained that people are heading to things like Fno, Dream 11 and astrology because they are financially tense.

He said: “There is a reason that makes people go strongly to: Fno, Dream 11 and astrology. Not because they want to earn” quick money “, but since their financial resources have been emphasized (and they have their chances!) If after work after 30 years in a good job, you cannot have a good house, you know that things are not fine.”

Speaking of having a house, the Jurgown Real Estate Adviser, Luvish Anand, said, although he is a teacher, the purchase of a house in Mumbai and Delhi may take you 30 years just to break it. He said in cities such as Mumbai, Delhi NCR, Gurugram, Noida and Pune, renting 3 BHK apartments is financially more rational than buying. Real estate prices in these areas are high, while rental revenues are still low, often less than 2 percent.

On the contrary, Srifastava said, his parents-in the mid-thirties of them-were able to buy a piece of land and build their home. All of this was dependent on their humble income, as his mother worked as the trustee secretary and his father working in the middle management in insurance.

Sherfastava said that his family took a local vacation every two to 3 years, and stayed with their relatives when they traveled to a new city, and they never ate in a 5 -star restaurant, and they never made an international trip. He and his brother got a decent education and did not feel resources.

He said: “Our dinner talks were never related to money, financing, debt, or spending. Our talks were about: food, politics, school life and Chit Chit about life.”

“If you think back: this world is no longer present in most of the middle class anymore. People are exposed to severe tension on financial affairs. In the past ten years, salary growth has been 0.4 % incompetent annual growth rate. It was not 4 % (0.4 %).

Sherfastava Aksat is not the only one who indicates the death strain of middle -class Indians. Many other experts warned of the fall of what it had been to be dominant demographic in India. Monich Jusar, a Mumbai’s headquarters, highlighted his headquarters, sheds light on the Indian middle class “participating wish” in its financial fall because it converts the credit into comfort and the situation to necessity. Gusar blames impulsive decisions, lifestyle, and obsessed with appearances.

The last Marcellus Investment Managers poll found that the double -income families in Metros get 50 rupees after the tax often provide only 5 rupees annually, although the assets of 3.5 rupees due to the aspirations, poor liquidity, and the lack of disciplined planning.