Is lifestyle inflation fuelling debt among India’s middle class?
Last Update Date: 06-10-2026
Published by India Today
Abhishek Kumar's role: Quoted
Abhishek Kumar explained that expenses often grow faster than income and named warning signs such as using credit for bills. He suggested the 50-30-20 budgeting rule, automated investing and a pause before big purchases.
More of Abhishek's views on debt and loans
The article examines lifestyle inflation, where spending rises with every pay increase, and its link to growing debt among salaried urban Indians. It covers the role of easy credit such as buy-now-pay-later and no-cost EMIs, warning signs of overextension, social media pressure and the cost to long-term saving.
Publisher source
Is lifestyle inflation fuelling debt among India’s middle class?