When I was growing up: my parents in their mid 30s were able to buy a patch of land, built their own house. All on modest income.
We had a happy home.
My mom worked as a cashier.
And, my dad worked in insurance (middle management)
Like most middle class families: we took 1 domestic vacation every 2-3 years. And, almost always stayed with relatives/family friends whenever we travelled to a new city.
My brother and I got decent education.
And, we never felt resource starved.
We never ate at a 5 star restaurant
Or took an international trip
Or even imagined what studying abroad would be like.
Our dinner conversations were never about money, finance, debt or spending.
Our conversations were about: food, politics, school life, and general chit-chat about life.
If I reflect back: such a world doesn't exist for most middle class anymore.
People are deeply stressed about finances.
In the last 10 years, the salary growth has been 0.4% CAGR
Not 4% (0.4%)
This is for people earning between 5L to 1Cr.
The middle class as we know it has eroded.
There is a reason why people are aggressively turning towards: FnO, Dream 11 and Astrology. Not because they wish to make "quick money", but because their finances have been stressed (AND they gotta take chances!)
If after working 30 years in an okay job, you can't own an okay home, you know that things are NOT okay.
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Regional Cost Conference 2025 organised by NIRC of The Institute of Cost Accountants of India.
Thanks @BansuriSwaraj Ji for your valuable time and Consideration.
Special Thanks to my wife CMA Madhuri Kashyap @icmainirc and Team NIRC for Event.
#cma#icmai
Regional Cost Conference 2025 organised by NIRC of The Institute of Cost Accountants of India.
Thanks to @ombirlakota
and @BansuriSwaraj Ji for your valuable time and Consideration.
Special Thanks to my wife CMA Madhuri Kashyap @icmainirc and Team NIRC for Event.
#cma#icmai
At least now, Kerala should stop with the whole 'education is the reason' nonsense and come to terms with the ground reality. It was never about education. What has been lurking under the ground all this while has just appeared on the surface. A lesson to learn.
Congress is banking on
Freebies,
High Inflation,
Unemplyment,
Anti incubancy,
Coalition,
Pro minority,
Et, etc.
But BJP is banking on only 3 things.
Modi image,
Modi image,
Modi image.
Who bears responsibility for causing the tears of our nation's daughter?
We condemn the distressing circumstances leading to Sakshi Malik's retirement due to alleged harassment within the #WFI. We stand in solidarity with all athletes facing injustice. #SaksheeMalikkh
Important Announcement:
The Results of the Intermediate and Final Examination of June 2023 will be declared as per notification.
Students are advised not to rely upon any unconfirmed and unauthorised social media posts.
Hijab, beef ban, halal food, bajrang bali, uniform civil code, love jihad, kerala story, almost every polarising trope was used in Karnataka by the BJP.
10 Debt free stock Ideas for long term only🐎
🪁IEX
🪁LTTS
🪁Divis Lab
🪁Astral poly
🪁CDSL
🪁IRCTC
🪁Bajaj Finance (Has debt, for financial sector coverage)
🪁Kajaria Ceramics
🪁Polycab
🪁Cera sanitary
Accumulation in any fall is good
Which debt free stock do you hold?