Archive · 17 Jun 2025
Finfluencer: Indian Middle Class Eroding Amidst Financial Stress
Imagine the middle class in India has changed a lot.
A finfluencer says it's not like it used to be, where families could easily buy homes and talk about other things besides money.
Now, people are stressed about money, and they're trying risky ways to make more.
It's tough to buy a house in big cities, and salaries haven't grown much.
Experts say that spending too much and not saving are making things worse for the middle class.
Finfluencer Akshat Shrivastava claims the Indian middle class has eroded, contrasting his childhood with current financial stresses.
He notes increased reliance on speculative financial activities like FnO and Dream11 due to financial stress.
Real estate advisor Lovish Anand suggests renting is more sensible than buying in major Indian cities.
Shrivastava recalls his parents buying land and building a home on a modest income, unlike current trends.
Experts cite salary stagnation, lifestyle inflation, and poor financial planning as reasons for middle-class struggles.
- Who
- Finfluencer Akshat Shrivastava and other experts, including Lovish Anand and Monish Gosar.
- What
- The erosion of the Indian middle class and its changing financial landscape.
- When
- Recent years, with a focus on the last 10 years.
- Where
- India, specifically cities like Mumbai, Delhi NCR, Gurugram, Noida, and Pune.
- Why
- Due to financial stress, salary stagnation, lifestyle inflation, and poor financial planning.
Perspective on the Middle Class
No Opposing View Available
Middle Class Status
Perspective on the Middle Class
A finfluencer and other experts highlight the struggles and decline of the middle class.
No Opposing View Available
The article doesn't explicitly provide a differing viewpoint.
- Salary Growth (Last 10 years)
- 0.4% CAGR for people earning between 5L to 1Cr
- Middle Class Families in the past
- could afford land and build homes on modest incomes
- Savings for dual-income families
- Often only Rs 5 lakh annually, despite assets worth Rs 3.5 crore
- Financial activities
- FnO, Dream 11 and Astrology