What should be the monthly income for a family of 4 to survive

[Ankit_Jain3]

i think 3 lacs is needed for a family of 4 in a metro for upper middle class lifestyle.

[ANKIT_T]

@viswaram

Are people improving their lifestyles or getting pushed down into debt.

Only if the minimum level required to run a family is derived, we can know if the DBT, MGNREGA, PMJDY are actually beneficial or not.

Otherwise our Govt. also will borrow more to spend on pensions, DA and will pass on that burden on the income tax payers

For that look for GDP per capita (PPP). You will get an idea if the standard of living is improving or not

[viswaram]

Yeah thats where the anomaly comes from. Percapita is around Rs9000 per month

[ANKIT_T]

Means 36000 per month for a family of four. 65% of the population lives in villages.
I think 36000 pm should be sufficient to survive in rural areas

[KANAGU]

3 lakhs per annum in metro wont be sufficient. Did you consider kids education too?

[Private]

@viswaram

The cost of energy itself has doubled in the last 10 years in India

with 8 % inflation everything would cost 2.15x in 10 years.

[CS101]

Won’t there be an increase in our salary?

[ANKIT_T]

@KANAGU

3 lakhs per annum in metro wont be sufficient. Did you consider kids education too?

I thought he is talking about 3 lakh monthly. To maintain upper middle class lifestyle in a metro, you need that much

[viswaram]

Has your salary doubled in last 10 years?

[CS101]

Yes.

[ronin_sha]

The mind of a non salaried person is always refreshing and different.

[viswaram]

@Yogarajan_V

on looking at situations of past and current you can very well derive what is gonna happen in future( I’ve already derived which is why I left salaried job and came to market).

yeah- makes sense.

[shankarshan]

35-40k.

[neha1101]

@viswaram

Yes, I wanted to know how much should be contributed

The very purpose of this query was for you to ascertain how much you need to contribute to a family so that they will be out of poverty. After reading all the comments and contribution from others - Is this still your objective or has it changed.

Truly do not understand the intention of your query after reading the below - Getting out of this discussion…

@viswaram

When the Govt. claims that its helping more people now than before, i wanted to know if its true or not.

Are people improving their lifestyles or getting pushed down into debt.

Only if the minimum level required to run a family is derived, we can know if the DBT, MGNREGA, PMJDY are actually beneficial or not.

Otherwise our Govt. also will borrow more to spend on pensions, DA and will pass on that burden on the income tax payers

[viswaram]

The purpose is to find out how much a family needs, i think its reasonable to fix between 35 to 40k. One of my friend has lost his business & slipping into poverty.

On the why they have gone into poverty - loss of job, loss of business, change in macros etc is a research in motion. I am not planning to conclude that research anytime soon.

Will keep the spirits high !

[VijayNair]

@Ankit_Jain3

Dude 3 lacs a month

3 lac per month in expenses? How?

[Gnome]

That’s one heck of a lifestyle, 10 lac per month.

[VijayNair]

@Gnome

That’s one heck of a lifestyle, 10 lac per month.

I think he realized his answer is not relevant to the question

[VijayNair]

Alrught @Ankit_Jain3 hypothetically speaking what would you spend 3 lacs every month on?

[raoawesome]

@viswaram

One of my friend has lost his business & slipping into poverty.

On the why they have gone into poverty

Wouldn’t they file bankruptcy where court would mandate minimum what a person should have for living?