Did you know?
We spent Rs 5.8 lakh crore
extra due to inflation in last
3 years !!!
Vegetable prices have doubled in the last two years. And so have pulses.
Fruits too have witnessed a double-digit price increase, while prices of egg, meat and fish have gone up by more than 20% in just this one year alone.
Household budgets are going for a toss.
Housewives who used to manage with Rs 30,000 as household income today find even Rs 75,000 to be less.
A dinner that cost Rs 500 for two just a year or so back now costs Rs 1,500!
And it’s not just us saying this…
- Surging inflation costs Indian households Rs 5.8 lakh crore in 3 years
- The Indian Express
- India’s Inflation Rate Is ‘Far Above the Threshold Level’, Subbarao Says
- Inflation Up by 9.44% in June, Another rate rise expected
- Hindustan Times and Mint
Petrol prices are rising. In just a year, they have shot up from Rs 49 to Rs 65 per litre!
Food grain prices are rising.
Education is becoming expensive.
Just a few years back it took about Rs 25 lakhs to pursue an MBA course at a prestigious university. The kind where you want your child to go.
Now, even if you set aside Rs 50 lakhs, chances are you will fall short.
The future is not as easy as it seems.
And the question is – are you really prepared to tackle this inflation?
Is your wealth increasing at the same rate as the prices of everything around you?
Yes. Inflation is here to stay. Prices are rising almost every day. At a dizzying speed.
And here’s the cold, hard fact…
Your wealth is not keeping up with your expenses…
In other words, you are actually becoming poorer with each passing year.
Property prices rising, loan rates rising. Rents, maintenance cost… All are headed in just one direction. Straight north!
A house in suburbs of Mumbai that cost Rs 26 lakhs 10 years back, today costs Rs 1 crore!
So while your income may be increasing, it’s still not enough to meet the rising costs.
And if you thought this was bad, here’s something that should get you really worried…