Archive · 14 Jun 2025
High Income, Low Savings: Saurabh Mukherjea Warns Indian Upper Class
Imagine families making a lot of money, like ₹50 lakh after taxes each year.
Even though they seem rich, they often only save a small amount, around ₹5 lakh.
This is because they spend a lot on things like houses, cars, and school fees.
While they might have expensive homes and investments, much of their money isn't easy to access quickly.
Many don't have money saved for emergencies and aren't happy with how their investments are doing.
This shows that even with a high income, it's important to save and plan carefully for the future.
Upper middle-class Indian families with ₹50 lakh post-tax income are saving a small percentage.
Many families have significant assets (₹3.5 crore) but limited liquid investments.
High EMIs, school fees, and lifestyle costs are major contributors to low savings.
A Marcellus survey found that many HNIs (High Net Worth Individuals) aged 30-45 save less than 20% of their income.
Many lack emergency funds, and a high percentage are unhappy with their investment returns.
- Who
- Upper middle-class, high-income Indian families and HNIs.
- What
- Upper middle-class Indian families with high incomes are saving very little.
- When
- Recent survey data is referenced, though specific dates aren't provided.
- Where
- India, with examples from financial centers like Mumbai.
- Why
- High expenses, including EMIs, education, and lifestyle choices, along with a lack of financial planning.
Financial Experts
Upper Middle Class
Saving Behavior
Financial Experts
Emphasize need for increased savings
Upper Middle Class
N/A
- Representative Income
- ₹50 lakh post-tax
- Savings (Example)
- ₹5 lakh annually
- Total Assets (Example)
- ₹3.5 crore
- Assets in Real Estate (Example)
- ₹2 crore
- Households with No Emergency Fund
- 14%
- HNIs saving under 20%
- 50%