Before understanding the problems of an Indian middle-class family we should first understand what is a middle-class family.
A middle-class family is a social group that consists of ordinary people who usually have good jobs and are neither rich nor very poor.
Following are the problems faced by middle-class family:
Monetary Problem: This is one of the most common problems a middle-class man has to deal with. With the slumping economy and the ever-increasing costs of everything from groceries to petrol, how can one expect something different? With a modest salary that can hardly even cover electricity bills and taxes, the middle-class man faces roadblocks every step of the way because there’s just no money left, no money to save, and no money to buy anything. Interest rates on loans are going through the ceiling; insurance premiums had never before been so costly; so now the middle-class man finds himself knee-deep in debts, mortgages and loans.Before understanding the problems of an Indian middle-class family we should first understand what is a middle-class family.
A middle-class family is a social group that consists of ordinary people who usually have good jobs and are neither rich nor very poor.
Following are the problems faced by middle-class family:
Monetary Problem: This is one of the most common problems a middle-class man has to deal with. With the slumping economy and the ever-increasing costs of everything from groceries to petrol, how can one expect something different? With a modest salary that can hardly even cover electricity bills and taxes, the middle-class man faces roadblocks every step of the way because there’s just no money left, no money to save, and no money to buy anything. Interest rates on loans are going through the ceiling; insurance premiums had never before been so costly; so now the middle-class man finds himself knee-deep in debts, mortgages and loans.
