The Middle-class Debt Trap | Why middle class struggles |

Описание: In this video:

Why is the Indian middle class being ignored? Despite being having the highest number of taxpayers, the middle class often finds itself squeezed between tax evading upper class and government subsidized lower income group. In this video, we cover why ‘Taxpayer Burden’ is real and how poor financial planning makes it worse.

Highlights of the video –
1. Why Indian middle-class finds itself squeezed between upper and lower-income groups.
2. Problems with the Tax system in India.
3. How middle-class population makes poor financial choices.
4. What are the un-necessary expenses that the middle-class can avoid.
5. The importance of understanding one’s financial priorities and responsibilities and planning their personal finance accordingly.
6. Importance of savings and investments.
7. Avoiding Credit Card and EMI traps.

Middle-class forms a major population segment in India and is the engine of development. Hence, it is important for us to understand the pain points of middle-class and take efforts to reduce them. Efficient financial planning backed by support from the government is needed to help the middle-class in being financially stable.

If you liked the video, share it with your friends and comment below what are the frequent expenses that you are trying to control.

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