Sunday 5 March 2023

As received

 

Good Morning

Around 131,000 Indians earn above ₹1 crore a year — around 0.01% of the country's population, according to income tax data. When you reach that stage, life definitely becomes more convenient, and priorities change. One would think that earners in such a bracket would lead lavish lifestyles. However, a deeper look into their lives and habits would show that these literal crorepatis are usually prudent with their spending. Driving modest cars and paying off EMIs seem to be at the top of their lists, and the majority of their income goes towards investments. However, they do tend to splurge on certain interests: vacations, fashion, gadgets, even sneakers. When you're earning that much money, there's enough to go around for basic utilities and luxurious hobbies.

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