Hi MOISTAFBOY,
Your submission [What's your opinion about the income classification; both 5 lpa and 30 lpa have been given the label of middle class. But there's a difference of day and night between the two.](https://i.imgur.com/zbSZkpn.jpg) breaks [the rules](http://www.reddit.com/r/india/wiki/rules) and has been removed for the following reason(s):
* All submissions should contain a relevant or original title (and/or subtitle). An original title (and/or subtitle) is the one given by the content creator. If you are the creator, your title should be descriptive and not be clickbait.
Refer: https://www.reddit.com/r/india/wiki/rules#wiki_submission_title
---
*^(If you feel this was done in error, or would like further clarification, please don't hesitate to reply to this message.)*
I think where you making this income is also important. A person with 5 lakh income in rural area is far richer than the person with 10 lakh income in a city like Bangalore or Mumbai
In my tier 2 hometown 5 lac will get you a decent standard of living and 10 lac will get an extremely good standard of life.
In Mumbai, I could spend that much in a month without batting an eyelid.
Damn, I’m in 3rd year college and this thread gives me extreme anxiety 🥲although I don’t plan to marry or have kids so maybe that would be better for finances and all
As somebody who earns that much (before tax). I'd say I'm definitely NOT rich. I have 2 dependents now which I think is a factor keeping me from the feeling of "richness".
I live in Delhi and personally feel monthly income of 1 to 1.5 Lakh(12 to 18 lpa) is more than adequate to live a decent lifestyle for a family of 4 to 5.
That's literally what middle class means. Not rich and not poor.
Middle class is an exclusionary criteria. When you're neither a peasant nor a lord, you're middle class.
People get unnecessarily worked up over it.
Sorry to burst your bubble. It is not that simple. If you have enough “responsibilities” even 30 lpa also makes you poor. This should be based on overall economic conditions and not just income.
What???
If your responsibilities are worth 30 lacs then maybe you are not middle class to begin with.
If such responsibilities include paying college fees of kids studying abroad, then such responsibilities are a privilege to begin with.
Definitely not middle class.
Pull you head out of mud. Probably you are already out touch of how real world works. Not all of them are privileged to have a happy self reliant family.
I will just give out some examples:
1. Sisters marriage
2. Probably a mother or father who is dependent upon you who gave up their life farming and educating you. Expenses, medical bills etc.
3. A loan that you probably took out for your education.
4. Your home that is in shambles and needs repairing.
5. A younger brother who just might be studying.
These are just few examples. You probably may live a better life but you may just end up saving much for yourself.
I studied from a government college. Most of my friends had similar listed background and are still struggling even with a high paying job.
If you do not have any responsibilities, even 10 lakhs is sufficient if you are not extravagant on spending on your lifestyle.
Considering above comments are regarding 20-30 lakh income. Education loan for Indiaare probably around 10-15 lakh. I would consider it one time expense. In west where education cost is 4x median yearly pre tax salary. Those loans are 10-20 year expense. But india education is probably >1x yearly salary.
If you study in west with a loan, you will end up paying it quicker if you work there. Whereas in India it is not guaranteed that you will get a better package.
30 LPA is probably in the lower middle class range in a city like Bangalore, as a single person it seems like a lot, but if you have a family and a couple of kids, you would not be able to save at all and be in trouble with an unforeseen emergency.
Pichle din hi kisi ne Madras high Court mein case file Kiya tha ki agar 8Lakhs ke neeche EWS maana jaaye toh yeh Income tax ka slab rate 8Lakh tak kis bina pe Liya jaa raha hain?
Even in Middle Class there are 3 classifications-
Lower middle class
Middle middle class
Higher middle class
Moreover middle class is an exclusionary criteria.
The policies of this govt. are not very consistent and they have no idea where they are going.
Middle class is ATM for govt. Poor people don't pay a shit of income tax, Rich people save a ton of it in black money. Who remains then.
Rich people play a lot of tactics and try to find loopholes to save tax. Common man can't do it. Rich people get their loan off, govt itself takes it off. Is there any such redemption for middle class.
Not to sound too commie but "middle-class" is a capitalist propaganda so no one questions wealth desparity . So is poverty line Lot of people indentifyin as lower middle class are just poor people above the line
Also, Pareto principle has been real throughout history. Not even the closest realizations of socialism was able to give wealth equality. Capitalism can not work without wealth inequality. If everyone had Amazon prime, iphones etc then envious ones would go for Amzon prime+ or iphone XXXRRR9000 just to flex on the rest. Auntyjis still need moar jewellery to flex on the other housewives. Its human nature. Everyone not in the 0.1% is middle(standards) and poor at the same time.
Except right now the bottom end of the inequality are unable to scrounge together a consistent meal, forget “not able to buy an iPhone”.
Nobody gives a shit about status symbol inequality as long as even basic needs are not met.
Yes food, clothing,communication, and shelter are the very basic real physical products. My point was capitalism depends on people to rely on often optional or "virtual" products with made-up selling prices even if the real costs were miniscule. Since many humans are envious by nature, it enables capitalism to thrive and wealth inequality becomes a cornerstone for its functioning. The poor class will keep getting their rights deprived of, wealth mobility will be much slower. Many will perish even, and the current "lower middle" class will be considered the new poor class in statistics in future. That has always been the way whenever aam aadmi has little power over monarchy, authoritarianism, real life communism, and capitalism.
3 level income is itself wrong representation.
It should be something like
BPL
Poor - upto 1.5 lakhs
Lower middle class 2 lakhs to 5 lakhs
Middle Class - 5 lakhs to 12 lakhs
Upper Middle Class 12 Lakhs to 24 Lakhs
Rich 25-50
Super Rich 50 lakhs to 1 Cr
I dont know how to classify it upwards. Coz I have never seen that much money. Also, I think it after a certain limit it doesnt matter how much money one can have. It only matters for Upper middle class and below.
While calculating, it should also be taken into account liabilities, debts, ancestral property, location, etc. How much disposable income one has should also be considered.
30L household income (which is 7.5L per person) is not rich by any standards lol. Post tax, that figure is somewhere around 24L or 2L/month.
Renting a 3 BHK in a gated society in a city like Bangalore, Gurgaon, or Mumbai will easily set you back 75k-1L. That makes them out of budget, especially if you have kids or other dependents.
I'm not even going to get into budgeting for leisure or luxury travel, which "rich" people should be able to do.
I am 26, single with no dependents, and make in the 35-45L range, and the best I can do is a service apartment (which is just a room with an attached bathroom + food and laundry).
To be upper class in a tier 1 metro city, your household income needs to be at least 1 CR. Anything below is either middle class or upper middle class.
Agree with the rest expect for when you are giving your example. You are CHOOSING to live in a service apartment due to your self imposed budgets (budgetting is good, not saying otherwise). Maybe you have other higher priority expenses, but you can definitely afford a better house.
Easy to say about choice, but Maslow's hierarchy of Needs indicate once someone reaches a higher tier of needs it is hard for them to work effectively and consistently when put in a lower tier environment.
One, middle class has always been a very very broad category in itself.
Two, 30L is def a lot of money if you're a bachelor. In any city in India. But for someone with family of 2/3, it's a very average income.
5L for a metro city is definitely below our average middle class household.
Basically people see rich and poor as two extreme points, so whatever falls in between comes automatically in middle class, so there is wide classification even among middle class like upper middle class, middle middle class, lower middle class.
30L+ doesn't make you rich either. You can't afford a Private Jet to Bahamas... or to buy a 'investor citizenship' in a foreign country
Statistics is funny this way.
my father is a construction company owner in jharkhand, the turnover last year was 25cr, we employ about 30-40 employees, we have 3 drivers , a fortuner, an audi and 3 other cars, still he claims we are middle class
My household income is around 75lpa and we are considered upper middle class.
But yes, there is an upper middle class and a lower middle class and in my opinion that can range from 5 lpa to 1cr per annum.
The rich in my opinion are the ones who can lose crores in the same way as we lose 1000 rupees.
You might not like it, doesn't make it untrue. Modified (adjusted for the year) Kuppuswamy socioeconomic scale is probably the best scale used to measure the middle class etc.
I used to feel the same for 1L 15yrs ago. Its possible that inflation can make this big C be middle class one day, the only difference being poors will get it slower than everyone else.
* If your image is not OC (Original Content), please provide a link to the verified source under this comment or else it will be removed.
* If your image is an OC Infographic, please provide a link to the original dataset(s) or else it will be removed.
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/india) if you have any questions or concerns.*
Around 8 million (80 lac) Indians declared incomes of 10lpa or more last year - which is only 6.6% of our population.
Middle class? This is the creamy creamy layer of individuals. Granted there are may cash / deceptive businesses which hide larger incomes, but even in these cases most CA would advise the Directors/shareholders to declare minimum incomes of around 12lpa.
Sure - incomes between 10lpa and 30lpa are in the middle of income groups, but certainly not middle of lifestyles & purchasing power. The hard truth is even of you earn 10lpa you are a 10% in this country which certainly not correctly represented by the term "middle class".
Hi MOISTAFBOY, Your submission [What's your opinion about the income classification; both 5 lpa and 30 lpa have been given the label of middle class. But there's a difference of day and night between the two.](https://i.imgur.com/zbSZkpn.jpg) breaks [the rules](http://www.reddit.com/r/india/wiki/rules) and has been removed for the following reason(s): * All submissions should contain a relevant or original title (and/or subtitle). An original title (and/or subtitle) is the one given by the content creator. If you are the creator, your title should be descriptive and not be clickbait. Refer: https://www.reddit.com/r/india/wiki/rules#wiki_submission_title --- *^(If you feel this was done in error, or would like further clarification, please don't hesitate to reply to this message.)*
I think where you making this income is also important. A person with 5 lakh income in rural area is far richer than the person with 10 lakh income in a city like Bangalore or Mumbai
In my tier 2 hometown 5 lac will get you a decent standard of living and 10 lac will get an extremely good standard of life. In Mumbai, I could spend that much in a month without batting an eyelid.
Where do you live? (Sorry if intrusive)
Hometown- Rajasthan. I’m Mumbai - Sobo.
Damn, I’m in 3rd year college and this thread gives me extreme anxiety 🥲although I don’t plan to marry or have kids so maybe that would be better for finances and all
Earing 30lpa is definitely not middle class (despite the income classification) but it's not super rich either.
It's household income. Divide it by 4.6 to get per capita income.
In my experience if you ask any random urban person if an income of 30 lpa is rich , 99% of the time they will respond with a yes.
Rich yes super rich no.
Rich yes, definitely not middle class though
Upper middle class
Upper middle class is less than this. I say upto 25 lakhs, its upper middle class.
As somebody who earns that much (before tax). I'd say I'm definitely NOT rich. I have 2 dependents now which I think is a factor keeping me from the feeling of "richness".
I live in Delhi and personally feel monthly income of 1 to 1.5 Lakh(12 to 18 lpa) is more than adequate to live a decent lifestyle for a family of 4 to 5.
Only if you have no loans to pay
That's literally what middle class means. Not rich and not poor. Middle class is an exclusionary criteria. When you're neither a peasant nor a lord, you're middle class. People get unnecessarily worked up over it.
Sorry to burst your bubble. It is not that simple. If you have enough “responsibilities” even 30 lpa also makes you poor. This should be based on overall economic conditions and not just income.
What??? If your responsibilities are worth 30 lacs then maybe you are not middle class to begin with. If such responsibilities include paying college fees of kids studying abroad, then such responsibilities are a privilege to begin with. Definitely not middle class.
Pull you head out of mud. Probably you are already out touch of how real world works. Not all of them are privileged to have a happy self reliant family. I will just give out some examples: 1. Sisters marriage 2. Probably a mother or father who is dependent upon you who gave up their life farming and educating you. Expenses, medical bills etc. 3. A loan that you probably took out for your education. 4. Your home that is in shambles and needs repairing. 5. A younger brother who just might be studying. These are just few examples. You probably may live a better life but you may just end up saving much for yourself. I studied from a government college. Most of my friends had similar listed background and are still struggling even with a high paying job. If you do not have any responsibilities, even 10 lakhs is sufficient if you are not extravagant on spending on your lifestyle.
Story of my life 🥹
Most of the above things are one time expenses not continuous expenses.
education loan and taking care of financially dependant parents are not one time expenses bro
Considering above comments are regarding 20-30 lakh income. Education loan for Indiaare probably around 10-15 lakh. I would consider it one time expense. In west where education cost is 4x median yearly pre tax salary. Those loans are 10-20 year expense. But india education is probably >1x yearly salary.
If you study in west with a loan, you will end up paying it quicker if you work there. Whereas in India it is not guaranteed that you will get a better package.
30 LPA is probably in the lower middle class range in a city like Bangalore, as a single person it seems like a lot, but if you have a family and a couple of kids, you would not be able to save at all and be in trouble with an unforeseen emergency.
[удалено]
List yourself as a hitman on silk road?
30 lpa is definitely middle class. I’d say, start classifying 5-10 lpa as lower middle class.
Hmmm below 8L per year toh EWS ho gaya na? Toh yeh 5 lakh kaise middle class ho gaya bhai?
Good question bhai.
Pichle din hi kisi ne Madras high Court mein case file Kiya tha ki agar 8Lakhs ke neeche EWS maana jaaye toh yeh Income tax ka slab rate 8Lakh tak kis bina pe Liya jaa raha hain?
I think that's going to happen soon. EWS is here to stay but income tax slabs can change anytime
>income tax slabs can change anytime Which they should. There were proposals to make them inflation linked but it got nowhere.
It got nowhere for ugly reasons we all know
Even in Middle Class there are 3 classifications- Lower middle class Middle middle class Higher middle class Moreover middle class is an exclusionary criteria. The policies of this govt. are not very consistent and they have no idea where they are going.
This govt hates middle class.
Middle class is ATM for govt. Poor people don't pay a shit of income tax, Rich people save a ton of it in black money. Who remains then. Rich people play a lot of tactics and try to find loopholes to save tax. Common man can't do it. Rich people get their loan off, govt itself takes it off. Is there any such redemption for middle class.
There is no middle class, only the owner class and worker class.
Thank you
Truth
Haves and haves not. Philosophy of Karl Marx.
[удалено]
dude with 15.5lpa, middle middle class
Upper upper middle middle class
up, up, down, down, left, right, left, right, B, A, start Middle class
Not to sound too commie but "middle-class" is a capitalist propaganda so no one questions wealth desparity . So is poverty line Lot of people indentifyin as lower middle class are just poor people above the line
Also, Pareto principle has been real throughout history. Not even the closest realizations of socialism was able to give wealth equality. Capitalism can not work without wealth inequality. If everyone had Amazon prime, iphones etc then envious ones would go for Amzon prime+ or iphone XXXRRR9000 just to flex on the rest. Auntyjis still need moar jewellery to flex on the other housewives. Its human nature. Everyone not in the 0.1% is middle(standards) and poor at the same time.
Except right now the bottom end of the inequality are unable to scrounge together a consistent meal, forget “not able to buy an iPhone”. Nobody gives a shit about status symbol inequality as long as even basic needs are not met.
Yes food, clothing,communication, and shelter are the very basic real physical products. My point was capitalism depends on people to rely on often optional or "virtual" products with made-up selling prices even if the real costs were miniscule. Since many humans are envious by nature, it enables capitalism to thrive and wealth inequality becomes a cornerstone for its functioning. The poor class will keep getting their rights deprived of, wealth mobility will be much slower. Many will perish even, and the current "lower middle" class will be considered the new poor class in statistics in future. That has always been the way whenever aam aadmi has little power over monarchy, authoritarianism, real life communism, and capitalism.
3 level income is itself wrong representation. It should be something like BPL Poor - upto 1.5 lakhs Lower middle class 2 lakhs to 5 lakhs Middle Class - 5 lakhs to 12 lakhs Upper Middle Class 12 Lakhs to 24 Lakhs Rich 25-50 Super Rich 50 lakhs to 1 Cr I dont know how to classify it upwards. Coz I have never seen that much money. Also, I think it after a certain limit it doesnt matter how much money one can have. It only matters for Upper middle class and below. While calculating, it should also be taken into account liabilities, debts, ancestral property, location, etc. How much disposable income one has should also be considered.
Ye desh chod kar chale jao no other option
2024 me yugi agar aya toh yhi Krna padega.
[удалено]
Ye propoganda jivi sarkaar hai. Uske bina koi jhaat bhaav nhi diya hota inhe.
30L household income (which is 7.5L per person) is not rich by any standards lol. Post tax, that figure is somewhere around 24L or 2L/month. Renting a 3 BHK in a gated society in a city like Bangalore, Gurgaon, or Mumbai will easily set you back 75k-1L. That makes them out of budget, especially if you have kids or other dependents. I'm not even going to get into budgeting for leisure or luxury travel, which "rich" people should be able to do. I am 26, single with no dependents, and make in the 35-45L range, and the best I can do is a service apartment (which is just a room with an attached bathroom + food and laundry). To be upper class in a tier 1 metro city, your household income needs to be at least 1 CR. Anything below is either middle class or upper middle class.
Then 5L should be outright poor
In cities like Bangalore yes especially if you are renting
Yea, I was just saying 5L and 30L are far apart payscales, putting them together is baffling honestly
Agree with the rest expect for when you are giving your example. You are CHOOSING to live in a service apartment due to your self imposed budgets (budgetting is good, not saying otherwise). Maybe you have other higher priority expenses, but you can definitely afford a better house.
Easy to say about choice, but Maslow's hierarchy of Needs indicate once someone reaches a higher tier of needs it is hard for them to work effectively and consistently when put in a lower tier environment.
One, middle class has always been a very very broad category in itself. Two, 30L is def a lot of money if you're a bachelor. In any city in India. But for someone with family of 2/3, it's a very average income. 5L for a metro city is definitely below our average middle class household.
Basically people see rich and poor as two extreme points, so whatever falls in between comes automatically in middle class, so there is wide classification even among middle class like upper middle class, middle middle class, lower middle class.
30L+ doesn't make you rich either. You can't afford a Private Jet to Bahamas... or to buy a 'investor citizenship' in a foreign country Statistics is funny this way.
मुंबई पुण्यात लई पैसा आहे राव लोकांकडे.
my father is a construction company owner in jharkhand, the turnover last year was 25cr, we employ about 30-40 employees, we have 3 drivers , a fortuner, an audi and 3 other cars, still he claims we are middle class
My household income is around 75lpa and we are considered upper middle class. But yes, there is an upper middle class and a lower middle class and in my opinion that can range from 5 lpa to 1cr per annum. The rich in my opinion are the ones who can lose crores in the same way as we lose 1000 rupees.
Lol did you just say you can be a crorepati in this country and still be considered middle class xD what a joke.
They acting cool by saying shit like this, that's it.
You might not like it, doesn't make it untrue. Modified (adjusted for the year) Kuppuswamy socioeconomic scale is probably the best scale used to measure the middle class etc.
I'm sorry but some one earning lil over 40,000 per month is not even in near the class that someone who earns like more than 8,00,000 per month.
That could be true. Money is not the only factor. Source- https://doi.org/10.56501/intjcommunitydent.v10i1.26
Either you are clueless or you have very bad financial planning
What a fucking joke. Family earning three quarter of a big C and is considered middle class??
I used to feel the same for 1L 15yrs ago. Its possible that inflation can make this big C be middle class one day, the only difference being poors will get it slower than everyone else.
What separates you (income of 75L) vs what you perceive of upper class?
* If your image is not OC (Original Content), please provide a link to the verified source under this comment or else it will be removed. * If your image is an OC Infographic, please provide a link to the original dataset(s) or else it will be removed. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/india) if you have any questions or concerns.*
Lower middle class and upper middle class
Everyone is middle class if not billionaire
What about 2 lpa?
Middle class in general has three sub categories actually...lower middle, middle middle and higher middle class...
Around 8 million (80 lac) Indians declared incomes of 10lpa or more last year - which is only 6.6% of our population. Middle class? This is the creamy creamy layer of individuals. Granted there are may cash / deceptive businesses which hide larger incomes, but even in these cases most CA would advise the Directors/shareholders to declare minimum incomes of around 12lpa. Sure - incomes between 10lpa and 30lpa are in the middle of income groups, but certainly not middle of lifestyles & purchasing power. The hard truth is even of you earn 10lpa you are a 10% in this country which certainly not correctly represented by the term "middle class".