by JumpyWaffleGrapevine
Top comments
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...
DerpyHamster
Papa 1000 Paytm krdo 😈
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:
→ Attractive low monthly payments especially for bikes and phones (college swag) → Long repayment periods → Hidden fees and high interest rates
Why It's Booming:
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Digital Revolution • One-click loans • Buy Now, Pay Later schemes
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Aspirational Spending • Social media pressure • FOMO-driven purchases
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Easy Credit Access • Fintech apps lowering barriers • Minimal credit checks
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Financial Illiteracy • Lack of long-term planning skills • Misunderstanding of compound interest
The Youth Factor:
• 65% of India's population under 35 • First-time credit users • Impulse-driven spending habits
Alarming Trends:
→ 40% rise in personal loans (2022) → 30% increase in defaults among 21-35 age group → Growing debt-to-income ratios
9mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
DerpyQuokka
Infosys9mo
On a bright side, we are able to buy assets.
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News Discussion11mo
by WigglyBananaCorporate Strategist
What happens to those 1.5L students/professionals? Scares me everyday.
What does unemployment around you look like? Or if not around us, for people trying to come out of Tier 2/3 towns. These mass recruiters (behemoths like Capgmeni & Cognizant + TCS Infosys) are actually the gateway for many into a city li...
Top comments
We probably will see an unprecedented economic divide in this country going forward if the unemployment rate stays th...
The new generation would rather be jobless than accept a job offer that pays 🥜🥜 (3 lpa). It is scary, but it also g...
News Discussion19mo
by ZippyMochiFounder
Acche din
Liabilities and high interest loans rising, household savings falling. It's a very worrying statistic if people are borrowing money just to stay afloat.
Top comment
Correlation is not causation, less savings doesn't imply there's no money with people, it could very well be increase...
Personal Finance18mo
by ZippyWaffleCustomer Success
trapp
Anyone here! how did you build your financial habits of saving and not using multiple credit facilities. In today's world, due to multiple offerings by companies, it becomes very enticing to take up credit for phones, travels, business. ...