In a thought-provoking post, a prominent Finfluencer highlighted the financial struggles faced by the middle class in India, pointing out the dismal 0.4% salary growth over the last decade for individuals earning between ₹5L to ₹1Cr. The post sheds light on how this stagnation is gradually eroding the middle class and driving them towards increasingly desperate avenues for financial relief.
The finfluencer reflected on their childhood, recalling a time when their parents, despite modest incomes, were able to buy a plot of land and build a home. With the mother working as a cashier and the father in middle management in an insurance company, the family lived comfortably, taking occasional domestic vacations and prioritizing education over luxuries.
However, the stark reality today is that, despite working for 30 years in a job, many members of the middle class still cannot afford to purchase even an average home. With salaries growing at an average rate of just 0.4% CAGR over the past decade, it’s no surprise that more people are seeking alternative methods for financial growth and relief.
The finfluencer explains, “People aren’t turning to Dream11 or Astrotalk just to make quick money—they’re doing it because they feel financially stressed and see no other way out. It’s a consequence of stagnant salary growth and increasing financial pressure.”
The post criticizes the lack of significant progress for the middle class and calls for urgent reflection on the factors driving the growing financial divide. The finfluencer notes, “If, after 30 years of work, you still can’t afford basic financial security like owning a home, then it’s clear something has gone deeply wrong with the system.”
This powerful message has resonated with many, raising questions about the future of India’s middle class and the need for systemic changes to ensure financial security for the upcoming generations.
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