![]() ![]() If you want an phone, your parents might buy for you instantly or after sometime without thinking too much.Įssentially, you live a life without worries and don’t think too much on spending money. ![]() You casually spend 15-20K on shopping for clothes and other interior and house hold stuff. You have your own house, perhaps even second or third. You are upper middle class if you can afford an SUV. A multi millionaire and a billionaire are both rich but a billionaire can do a lot more stuff. Opulence, high net worth, future generations secure: rich. Don’t even have to think about expenses and savings as long as you keep working: upper middle class Moderate luxury, can afford premium house on rent for mobility and probably have 1+ crore properties, can afford foreign vacation, 25-50 lakh entry level luxury car. ![]() (For some reason, this is what some folks think middle class is, maybe due to nostalgia from 90s)ĭecent living, probably own a house on EMI, a basic hatchback car, go out to eat a couple days a month, also save and invest some money, kids go to decent schools: Middle class proper Paycheck to paycheck living, can’t afford even basic second hand car, smartphones, rent without lots of budgeting: lower income or lower middle class. Have to worry about food, water, roof: poor 1 lakh a month is upper middle class for a bachelor with no responsibilities, but for a family of 4 in a metro city with 4 extra parents (husband and wife’s) being dependent on them is barely middle class. ![]()
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