Earn ₹70 Lakh Per Annum In India And Still Feel Broke? This Finfluencer Says You’re Just Bad With Money

Earning ₹50 lakh a twelvemonth and still calling yourself “middle class”? That’s not reality—it’s delusion, says finfluencer Akshat Shrivastava, who torched municipality professionals for wasting wealthiness connected “stupid things” and past crying broke.

Shrivastava, laminitis of individual finance level Wisdom Hatch, posted a blistering takedown of what he sees arsenic self-inflicted financial misery among India’s municipality elite. “You don’t request each latest iPhone… aliases IB acquisition for kids,” he wrote. “Cut back—you will spot nan magic.”

His station exploded amid a increasing online debate: Is ₹70 lakh per annum still “middle class” successful Indian metros?

Traditionally, nan reply is no. According to authorities and investigation bodies, middle-class income ranges betwixt ₹6 lakh and ₹18 lakh annually. Even stretched to ₹30 lakh, ₹70 lakh would still rank arsenic upper-middle people aliases affluent.

But metropolis life tells a different story.

Investment banker Sarthak Ahuja precocious elaborate really a ₹70 lakh net shrinks accelerated successful cities for illustration Mumbai aliases Bengaluru. Taxes trim it to ₹50 lakh take-home. Monthly bills—₹1.7 lakh for location EMIs, ₹65,000 for a car, ₹50,000 for schoolhouse fees, positive home help—leave astir ₹1 lakh for everything else, including food, healthcare, and savings.

The result: precocious earners emotion broke.

Shrivastava isn’t sympathetic. “It is conscionable that you are going astir wasting your money connected a batch of stupid things,” he said. He urged restraint and smarter investing, not higher incomes.

But defenders of nan “metro mediate class” constituent to municipality inflation, lodging costs, and societal media–driven depletion pressures that distort financial reality. The mathematics whitethorn opportunity rich—but nan accent feels mediate class.

This conflict of cognition versus meaning is fueling a caller financial personality situation successful India’s cities, wherever income levels erstwhile thought aspirational now hardly bargain bid of mind.

Published on: Jun 21, 2025 1:51 PM IST