Скачать или смотреть Financial Planning - India's Middle Class in Debt Traps | Kapil Jain | Enrichwise

Is India’s middle class quietly slipping into a debt trap?

Most don’t even realize it’s happening.

Here’s the reality:
🔹 Credit card debt has crossed ₹2.92 lakh crore
🔹 Personal loans surged 75% in 4 years
🔹 Middle-class incomes (₹5L–₹1Cr) have barely grown — 0.4% CAGR in a decade — while food prices rose 80%

Purchasing power has almost halved. Yet, social media glorifies constant upgrades and luxury — pushing people to chase lifestyles they can’t afford.

A ₹10L car is now about identity.
A smartphone is a status symbol.

This illusion of growth fuels unsustainable debt — borrowing just to maintain appearances.

The good news? You can fix this — with the right guidance and plan.

1. Structure your money
2. Reduce debt
3. Build lasting wealth

💡 Key takeaways:
1. Debt-driven lifestyles erode your financial future
2. Inflation is outpacing income growth
3. Smart financial planning can help break the cycle

👉 Ready to take control?
Contact us and start your journey toward financial freedom today.

Call us at 98218 60804, 96533 87088 or visit us at 5th Floor, Bellona, The Walk, Hiranandani Estate, Thane (W) 400 607 for Investments, Insurance & Tax Advisory.

Disclaimer: Enrichwise is an AMFI registered MFD. This content is for informational purposes only and does not constitute financial or investment advice.

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