Is Rs 70 lakh per annum the new middle class? Investment banker explains

Is Rs 70 lakh per annum the new middle class? Investment banker explains

Investment banker Sarthak Ahuja's viral post questions financial comfort in metro cities with a Rs 70 lakh salary.

'70 LPA is the New Middle Class': You will have nothing at the end of month if you have a home loan, warns banker

An investment banker's LinkedIn post reveals that even a ₹70 lakh annual salary can feel like middle class in India's metros. High home loan EMIs, car loans, school fees, and urban inflation leave little room for savings or discretionary spending. The post advises rethinking large housing loans to avoid this financial trap.

“INR 70 Lakh p.a. is the New Middle Class.”: India’s New Urban Landscape

Urban middle class India is being redefined, with ₹70 lakh p.a. emerging as the new benchmark amid rising costs and shifting lifestyles.

'Rs 70 lakh per annum is the new middle class': Banker exposes brutal truth of urban living - BusinessToday

Ahuja identifies three culprits: runaway inflation in metro cities, real estate priced at 10–30 times annual incomes, and aspirational lifestyles driven by social media.