Earn more, spend more, stay broke: CA warns against the comfortable poverty of high-income earners
· economictimes.indiatimes.com
CA Nitin Kaushik warns that a higher salary does not automatically create wealth. He argues that lifestyle inflation, social media comparisons and heavy EMI commitments can leave high earners financially anxious despite rising incomes. As spending expands with earnings, more money gets diverted towards luxury upgrades and liabilities. Kaushik urges people to focus less on monthly cash flow and more on net worth and productive assets. His key message: define what “enough” means before the market defines it for you.
CA Nitin Kaushik on the ‘comfortable poverty’ of high earners
How lifestyle inflation keeps high earners trapped
Social media makes lifestyle inflation wo...