The Economic Times News

Two people earning Rs 1.5 lakh per month, yet only one faces 'mental poverty'. CA breaks down the math

Urban earners often feel financially stressed despite good salaries. This stress stems from high fixed expenses like EMIs and school fees. These commitments leave little room for adjustment, creating a sense of being trapped. Expert Abhishek Walia calls this mental poverty. Flexibility in spending is more crucial than a high savings rate for financial peace of mind.