'You aren't successful if you need Rs 3 lakh a month just to survive': CA explains the hidden trap of lifestyle inflation

Urban professionals are increasingly trapped by rising lifestyle costs, not low income, according to Chartered Accountant Nitin Kaushik. He argues that expensive homes, premium schools, and luxury habits create an illusion of wealth, leaving individuals financially fragile. This "Premium Fragility" means a temporary income interruption can lead to collapse, highlighting that true financial freedom lies in reducing dependencies, not just increasing salary.

Raccontata daeconomictimes.indiatimes.com