

Tier 2 and Tier 3 is where crapshoot is happening. Literally brainrot content being consumed

Your perspective. I think it is making people dumb. Do you know how much of this quantity is sold on emi basis. See...
The EMI Trap: India's Youth in a Debt Spiral
Easy Monthly Installments (EMI): The siren song of modern consumerism. But is it luring India's youth into a financial abyss?
The EMI Trap Explained:
β Attractive low monthly payments especially for bikes and phones (college swag) β Long repayment periods β Hidden fees and high interest rates
Why It's Booming:
Digital Revolution β’ One-click loans β’ Buy Now, Pay Later schemes
Aspirational Spending β’ Social media pressure β’ FOMO-driven purchases
Easy Credit Access β’ Fintech apps lowering barriers β’ Minimal credit checks
Financial Illiteracy β’ Lack of long-term planning skills β’ Misunderstanding of compound interest
The Youth Factor:
β’ 65% of India's population under 35 β’ First-time credit users β’ Impulse-driven spending habits
Alarming Trends:
β 40% rise in personal loans (2022) β 30% increase in defaults among 21-35 age group β Growing debt-to-income ratios
On a bright side, we are able to buy assets.
Tier 2 and Tier 3 is where crapshoot is happening. Literally brainrot content being consumed
Your perspective. I think it is making people dumb. Do you know how much of this quantity is sold on emi basis. See...
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