Now Reading: Bengaluru engineer says Rs 50 lakh salary not enough to be rich
-
01
Bengaluru engineer says Rs 50 lakh salary not enough to be rich
Bengaluru engineer says Rs 50 lakh salary not enough to be rich
Bengaluru software engineer Anmol Aggarwal has gone viral on Instagram with a video claiming that an annual salary of Rs 50 lakh is insufficient to build wealth in the city. After tax…
The Story in Brief
Bengaluru software engineer Anmol Aggarwal has gone viral on Instagram with a video claiming that an annual salary of Rs 50 lakh is insufficient to build wealth in the city. After tax and EPF deductions on a full base pay of Rs 50 lakh, he calculates the take-home amount at around Rs 35 lakh annually or Rs 3 lakh per month. He says rent for a 2BHK flat ranges from Rs 60,000 to Rs 70,000, and adding maid, cook, groceries, gym, shopping, travel and car EMI can push monthly expenses to Rs 1.7-1.8 lakh, leaving little for investment.
Aggarwal also notes that a house worth Rs 3 crore today may double to Rs 6-7 crore in future, making home buying tough even for high earners. He suggests remote jobs from tier-3 cities or starting a business as alternatives. Social media reactions are mixed, with some agreeing on rising costs and others recommending overseas jobs. Aaj Tak reports that Aggarwal calls the math provisional, assuming stable employment without layoffs or AI disruption.
The Indian Opinion
The viral video taps into genuine Bengaluru angst about property prices and cost of living, but Rs 50 lakh still puts someone in the top 1-2 per cent of earners nationally. The narrative that such salaries 'cannot make you rich' ignores lifestyle choices and the reality for millions earning far less. Ask instead: what proportion of his Rs 3 lakh monthly income goes to discretionary spending like travel and car EMI? That number, not the headline, tells the real story of savings discipline versus city inflation.
Source: aajtak.in
This story was synthesised by AI from the source linked above.
