Personal Finance21mo
by FloatingUnicornUX/UI Designer
QuirkyNoodle
What is the income category for an individual in lower ,middle, upper middle, rich clqss
Below 1 lpa : :((( 2-4 — Lower middle class 4- 8 —- Middle class 9-15 —- upper middle class 15+ upper class
What would you guys categorise?
29mo ago
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ZestyQuokka
Hinge29mo
15 and you still can't afford a house. Not upper class bro 15 a month, probably then
SwirlyUnicorn
Stealth29mo
😂 I don't think when >99% of the population don't earn >10L, 15L should be considered less than upper class.
SwirlyUnicorn
Stealth29mo
On the earning scale atleast, i guess if you were to base the class on purchase power it'd make sense to hold maybe 30LPA as upper class. It's considering the whole country, even cheap cities like xyz city in UP. And for the whole of India, which includes people living in said xyz city.
FuzzyDonut
Amazon29mo
0-12 LPA — poor 12-80 LPA — middle class 80-200 — upper middle class 200 LPA and beyond is rich
GoofyDonut
Stealth29mo
Upper class is when you don’t take “a salary” but just go to the bank to borrow a few hundred crores for a thing
SwirlyBoba
Stealth29mo
What people miss here is background. My friends who earn half as me can maintain a class/spend which is twice of my spending. Reason, I have to work on basics first, home renovation for parents place or parents health costs. Whereas his responsibilities ends with earning for his luxuries.
Equal earning is not equal life standards.
SleepyTaco
Stealth29mo
It also depends on one’s background. Someone from a wealthy household with 8LPA is better placed socially than 20LPA from poor Tier 3 town family
FluffyNugget
Plivo29mo
Just stay classy, no need of class
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Personal Finance18mo
by SparklyUnicornCognizant
Being in top 5% or 10%, I feel blessed.
Recently I came across a report in ToI that said earning 80 K per month puts you at top 4% in India. Assuming that the stats is true, do you feel contended with what you earn?
Top comment
So, you belong to a group of 6 crore people. Congrats.
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