The Economic Times

He earns Rs 3 lakh monthly but Rs 15 lakh car is unaffordable: One money management trap that makes even high earner struggle financially

A man earning an estimated Rs 3 lakh a month cannot comfortably afford a Rs 15 lakh to Rs 18 lakh car because much of his income is committed to a home loan EMI, mutual fund SIPs and regular expenses. His situation, shared by a Reddit user, led to a debate about whether high earners are financially struggling or simply prioritising wealth creation over spending