The Economic Times

Why Rs 40 LPA earners dont feel richer than Rs 20 LPA earners. CA explains the hidden reason

High salaries do not always bring financial peace. Chartered Accountant Nitin Kaushik explains how lifestyle inflation traps urban professionals. Expenses rise with income, creating debt. Social media fuels comparison spending. Many buy things they do not need with borrowed money. True wealth is the gap between earnings and spending, not just salary figures.