Indian Woman Earning Rs 1 Crore in US Says She Feels Middle Class, Shares Her Monthly Expenditure
Rs. 1 crore income per year, still feels middle class. A woman has shared her experience of earning this amount in the US. She has shared a video where she explains why she feels that way.
She has pointed out that despite earning such income, the substantial portion of her monthly salary is consumed by taxes, mortgage payments, insurance and routine expenses, leaving her with rather modest savings.
Nitin Malhotra and his sister Mahima Rathi have shared the video. Mahima Rathi discussed her monthly earnings and costs in the video, detailing why her seemingly large income doesn’t always lead to a financially secure lifestyle in the US. She disclosed that she makes around 7.5 lakh rupees a month or approximately USD 8,000. She spends about USD 1,500 (about Rs. 1.4 lakh) in taxes and another USD 2,500 (approximately Rs 2.34 lakh) on her home mortgage each month.
She spends USD 1,000 (roughly Rs 94,000) on food and USD 500 (approximately Rs 47,000) on medical insurance. She also spends an additional USD 500 on fuel and car insurance. About USD 500 of her additional costs go toward phone, internet and other household bills. She spends USD 300 (Rs 28,000) on her children and USD 200 (Rs 19,000) goes toward miscellaneous costs.
She compared her life and income in India compared to the US. She said she used to earn Rs. 15 lakh in India and was able to save a considerable portion. She also stated that after paying for these costs, she has about USD 1,000 (roughly Rs 94,000) remaining each month. In addition, she made it clear that the calculation did not take into account her own costs.
(Disclaimer: Given the input is on an information basis, please seek professional advice.)
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