Even people with 6 figure salary are waiting for their next salary for daily expenses Even people with 6 figure salaries are waiting for their next paycheck for daily expenses Pipa News

It is not only low-wage earners who face the cost of raj. On the contrary, 80 to 90 lakhs of Rs. People who earn monthly also wait for second salary for daily expenses. This matter has come to the fore in a recent survey conducted by Smart-Asset. According to the survey, the rapidly increasing inflation in the world is now affecting even the attractive salary earners. A study by financial advisory firm Smart Asset found that the situation worsened in big cities. A December 2022 survey by the Payments and Lending Club revealed that 51% of people earning more than Rs 89 lakh reported that they met their daily expenses from their wages.

44% in 2021. During the survey, data on income earners in 76 of America’s largest cities was studied. It found that New York was the most expensive city, accounting for a variety of taxes and cost of living. This is followed by Honolulu, Hawaii, San Francisco, California, Long Beach in Washington DC, and Los Angeles. Cost of living in New Delhi is higher than other cities in India. Similarly, Texas and Oklahoma include Memphis, Tennessee, El Paso, Texas, and Oklahoma City.

Placed in the upper middle class category instead of wealthy According to 56% of Americans, earning up to Rs.80 lakh per year would make them wealthy. However, according to the survey, they are considered upper middle class rather than rich. In some cities they are considered as small-middle class.