People earning 30-40 lakh struggle financially despite high salaries

2 articles · Updated · mumbaimirror.indiatimes.com · May 3

Kaul says many middle managers in their 30s and 40s are squeezed by large home-loan EMIs, especially in Indian cities where rents remain lower than ownership costs.
He cites easy borrowing for cars, phones and holidays, social-media-driven status spending, and rising school and medical bills as key reasons savings fail to keep pace.
The commentary warns that debt relies on future income staying strong, while slower IT pay growth and wider AI adoption could increase job risks for overstretched households.

With AI threatening careers, is India's middle class borrowing for a future that may not exist?

Are India's high earners struggling from bad habits or a system that demands the impossible?