India's Middle Class Now Borrows for Lifestyle Over Savings

Imagine people in India used to save money to buy things, like a new phone or a car.

But now, it's becoming common to borrow money for these things, even for vacations or small purchases.

This means more people are using credit cards and personal loans instead of their savings.

The amount of money people owe has gone up a lot, and a big part of their earnings is now used just to pay back loans.

This is different from how families used to handle money, where borrowing was less common.

Some people worry that this trend might mean that future generations won't build much wealth because they'll be busy paying off debts from their younger years.