Fewer Indian employees debt-free since 2022, most loans of up to Rs 25 lakh

Quick Summary:

Rising living costs are a significant burden, with 52 per cent of respondents citing inflation as their main obstacle.

The demographic split saw 40 per cent of respondents being women, while 60 per cent were men.

Over half of the respondents reported monthly expenses rising between Rs 10,000 and Rs 50,000, while only 43 per cent saw a comparable increase in income.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Wealth Warriors Moneymooners Retirement planning India Early Jobbers Credit dependence India Homeownership goals Financial aspirations India Debt burden India Borrowing patterns India Indian debt

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 14:39:49 (3 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 1018 words

Reading Time: 6 minutes read

Sentences: 49 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23323221

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 217 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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