The Economic Times

12 LPA feels like 4 LPA, Rs 600 for 5 km cab ride: Bengaluru product manager on why Rs 1 lakh salary may not be enough to live in the city

Bengaluru product manager Shivank Goel highlighted that the rising cost of living poses significant challenges for young professionals striving to maintain financial stability. The city's vibrant social atmosphere often encourages a culture of overspending, particularly impacting those with limited incomes. Daily financial burdens such as housing and commuting costs can result in overwhelming stress for its residents.