Finance Minister Nirmala Sitharaman once said that she is also middle class. You think that you are also middle class. Be it Ambani or Tim Cook, their focus is also on the middle class. But why this middle class is not able to go from middle to upper. It is not that the middle class who used to travel on cycle earlier is not traveling on bike now but still he has to think 10 times to buy a car. After all, what is the reason for this, let’s try to know.
According to the report of the Center for Advanced Study of India, 50 percent Indians of the country believe that they are middle class. According to this report, 80 percent of the people of India spend from 5000 to 25000 in a month. So does such a large number of the country come in the middle class, no it is not so. We tell you who is the real middle class and why it is not able to move forward.
Only 3 percent people are middle class
In reality, the middle class in India is only 3 percent of the people. According to the Pew Research study, people earning 25 to 50 thousand a month are the real middle class. There are only 3 percent people in this limit. Which is 4 crore people according to the total population of India. While 95 percent of the country’s population comes under the lower middle class category. On the other hand, only 2 percent of the people in the upper class rule.
Why this middle class is not getting rich
From Apple CEO Tim Cook to Mukesh Ambani, they target this middle class to sell their goods. Everyone’s focus is on these 4 crores only, but still why these 4 crore people are not able to become rich. Let’s understand it with an example. Veteran tech company HCL used to pay a salary of Rs 25,000 to its fresher 10 years ago. Now even after ten years this salary has increased to 30000 only. According to the calculation of inflation, the essential household items which used to cost Rs 25,000 in the first month have now cost Rs 45,000 after 10 years. Means income increased by Rs 5000 but expenditure increased by Rs 20,000.
When will this middle class be able to become rich
Similarly, according to the inflation calculation of 10 years, this current expenditure of 45000 will increase to 80000 after 10 years. While the income will increase from 30000 to only 36000 rupees. In such a situation, do you think that even after 10 years, this 3% people will be able to reach those 2% people.
The cost of education will increase by 200%
After the expenses of the house, the second biggest problem after the middle class is the cost of education. Let’s understand the maths of this too. Today, the tuition fee in a good engineering college is around Rs 50 lakh. A middle class man deposits an amount of 50 lakhs to advance his children. But if the inflation calculus is adjusted, then the same fee will be Rs 1.5 crore after ten years. In such a situation, a middle class will have to struggle again to reach that amount.
Middle Class People1
health is also important
After household expenses, children’s education, now comes the turn of health expenses. Here also the middle class is visible. Especially Corona hurt the middle class the most. The middle class remains a part of the bus rate race. The reason is that the income does not increase in comparison to the rising inflation. Private hospitals are becoming out of their reach. He does not want to go to the government. That’s why a major part of their earnings goes to the hospital.
Middle man is on top in paying tax
According to the figures released by the government recently, the country’s director tax collection was on record. That is, a lot of money rained in the government treasury. According to the study of Pew Research, 95% of the people of the country come in the lower middle class. Meaning they have nothing to do with tax. Then here also this 4 crore population is on top in paying tax. Most of the burden of tax is also on the middle class. The rest of the rich people do not show on paper as much as they earn. And the middle class suffers. Now it has to be seen when this middle class will be able to get out of this rat race.
