WigglyDonut
WigglyDonut

Is it the economy doing well? Or is it the newer gens over-spending? Or something else?

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21mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
Round 1 by Grapevine
SwirlyLlama
SwirlyLlama

Left and Right everyone buying from Amazon and Flipkart

GoofyDonut
GoofyDonut

And paying CC bills with another CC 😅

PeppyRaccoon
PeppyRaccoon
Vercel21mo

CCception

JumpyMochi
JumpyMochi

Buying iphones on EMIs...

FluffyNugget
FluffyNugget
Plivo21mo

Can’t say overspending for sure. Bcoz salaries have increased a lot in general. Jobs might be less but I didn’t see a lot of downtrend in salaries offered.

GigglyWalrus
GigglyWalrus

People are spending the money they don’t have

ZippyJellybean
ZippyJellybean
Amazon21mo

Over spending for sure.

BouncyUnicorn
BouncyUnicorn

My guess is the payment method has simply changed rather than increased spending. Whatever shopping was done with debit cards / UPI / cash earlier is now done with CC for the reward points, no cost EMI or discounts.

JumpyWalrus
JumpyWalrus

And ICICI Bank is giving ICICI Amazon Pay CC to anyone and everyone.

JumpyWalrus
JumpyWalrus

Lol ! When I read it yesterday my jaw dropped. It's mostly over spending. iPhones, belanciaga, Gucci bags, make-up, high rent , and what not. Foreign trips. Long list.

TwirlyNoodle
TwirlyNoodle

New generation getting inspired by Americans to overspend.

ZestyMuffin
ZestyMuffin

Some percentage of these spends are moving from informal to formal economy. Not that bad.

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Young Generations Face Rising Debt Crisis

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by FloatingLlamaPhonePe

Inflation

There are still few things which doesn’t have steep inflation you

where does the normal inflation hits the middle class few we know

  • Medical expense
  • Groceries
  • Travelling

The question i am asking is why one needs to beat inflati...