

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

Talking product sense with Ridhi
9 min AI interview5 questions


Buying iphones on EMIs...

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.

People are spending the money they don’t have

Over spending for sure.

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.

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

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.

New generation getting inspired by Americans to overspend.

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


Young Generations Face Rising Debt Crisis
- Young adults are sinking deeper into debt, with Millennials and Gen Z seeing an average debt increase of 8% and over 15% respectively.
- Wages have not kept up with inflation, causing financial strain and anxiety for many.
- The ga...

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...