Earnings Savings Squeeze survey
Is a good reflection of reality
https://www.localcircles.com/a/press/page/household-earnings-survey
However RBI Governor says people are deploying savings in mutual funds and hence savings is reducing.
He has no idea 90% people of our country keep savings in cash gold and in rare cases property.
Earnings are reduced for many people including small business/traders.
If anyone has any views on this please share based on what you are seeing in your area/town. more
https://www.localcircles.com/a/press/page/household-earnings-survey
However RBI Governor says people are deploying savings in mutual funds and hence savings is reducing.
He has no idea 90% people of our country keep savings in cash gold and in rare cases property.
Earnings are reduced for many people including small business/traders.
If anyone has any views on this please share based on what you are seeing in your area/town. more
Viewed by 2240
View all 8 comments Below 8 comments
A common citizen spends about 50-60% of earnings in Taxation. Be it direct tax or indirect tax. Then come 10% annual inflation. There is hardly any scope for savings. more
Jul 27
Savings are reducing since the lifestyle is changing. Present day individuals spend money with credit card. Eating out and buying unwanted things with credit card do act on home budget adversely resulting in small or no saving at the end of the month. more
Jul 25
Mr. Umesh Kumar, Once tax collected under heading VAT again paying indirectly under the head of GST on finish product it goes very high as it is included of VAT + profit margins at every transactions, now in a low cost products like vegetable, food grains, minerals etc. which are basic materials goes high and that why labour charges are increased and it added cost of material, and it has no end, Now you write about allowances of employees all count in overhead expenses and that also affects in companies products. When the cost goes high every could not afford. more
Jul 22
It is unfortunate that common citizens are not given opportunities to put forward the realistic situation. more
Jul 22
Investment patterns have significantly changed due to availability of more avenues. One cannot really compare what existed 10 years ago with the scene today. More people are earning better, but their spends have also changed. The avenues to spend have also increased phenomenally. Considering the changes in tax incentives and avenues to earn more, invesment patterns are changing. The middle-class is squeezed the most as they are neither vote-banks not do they have any voice, the poor are probably in the same condition or worse off than they were. Many of the rich are having a ball of a time with the best of multiple worlds, with many migrating to other pastures as well. Cost of capital is high for small and medium scale business and they have has very little support. Other financial parameters like fraud, scams, default, bad loans, financial abuse has not changed enough to be excited about. more
Jul 22
