Harsh truths and reality checks

Middle class is not determined by income alone. But so called intellectuals tend to deliberately misunderstand it to make a non existent point.

This is a good explainer: https://www.thediff.co/archive/cars-manufacture-the-modern-middle/

Broadly, the class of people with certain economic stability and security and yet vulnerable to economic shocks and externalities. That’s the demarcation between rich and middle class. Whoever ignores it is kind of making a fool out of you

It doesn't only depend on how much you earn but also on how many dependents you have. A person earning 60 lpa might have his parents, a wife and say 3 children which makes per head less than 10 lpa. And don't forget taxes..this person would be giving 12-15 lpa as taxes. So individual disposable income might be high but at ground level he might be just meeting his bills.

Bhai agar 60 lakh kamakar bhi ghar afford nhi kar pa rahe ho to rich kaise ho gaye?

This going to be a inspirational story, from all people having 65LPA not everyone is rich, my friend working in Amazon has 75LPA base 25LPA stocks is not rich because he also support his family his father was a farmer, farming on others land he has been also supporting his two younger sisters education(MBBS from private), he also build a house for his family, 4 year back when he was working for Target with 32LPA base I visited his house his house was with tin shelters not a proper celling, now he have built a good house for his family.

He has removed povey from his family but still don't consider his as rich because he have zero savings and next whenever he get money he wants to buy a car, currently he owns yamha Fz and he bought a scooty for his father, after owning a car he wants to buy a house in BLR this process take 3 more years, so long way have 1ct CTC but still not rich.

and then people post whether 60 lacs is enough to survive in Bangalore

Not sure if auto sales is a universally applicable metric though, people NEED cars a lot sooner in their careers in the US and other countries where car-centric infrastructure is the norm. Have a friend who bought a car before they bought a washing machine lol, rent is so high and public transport is so shit that they absolutely need it to commute

I make 1.4Cr per year without bonus and I find it hard to make desirable savings. A lot is spent on car EMIs, house EMIs, parents wellbeing, alcohol taxes, luxury taxes, GST, SGST and income tax. You may think it's a lot but calculate post tax income and you'll see what daylight robbery this tax regime and inflation is

This is narrow minded interpretation. For instance, i might conclude India has better urban public transport than most other countries which lead to lower car ownership.

I also believe earning doesn’t contribute to being in a class. Wealth does. Person earning 60 lacs with home loan twice than that can’t call himself rich. He/she is indeed middle class. People like the person in screenshot are often opinionated but doesn’t mean they are factually correct.

Even someone earning 1 cr annually gets humbled by sarkari chaprasi showing middle finger (figuratively) hence the feeling of not being rich.

In our country rich are the only people with clout/jack, multiple crores of income annually is secondary.

HENRYs.