Financial Expert Decodes Middle-Class Money Trap and Offers Avoidance Strategies
3 hours agoBusiness
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Financial Expert Decodes Middle-Class Money Trap and Offers Avoidance Strategies

A Chartered Accountant has identified a 'money trap' affecting India's middle class, where rising incomes are often consumed by significant expenses like weddings, cars, and schooling. These cumulative costs, coupled with lifestyle inflation, can lead to financial constraints and limited long-term flexibility despite increased earnings. The CA suggests this is less about insufficient income and more about committing future cash flows too early without parallel asset creation.

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