Struggles in middle class families

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Middle class families often face financial problems, as they typically rely on one person's income to support the entire family. For example, consider Rajesh, an employee in a private company who earns a monthly salary of 35,000/-. He supports a family of six, including two school-going children, a housewife, and his elderly parents.

Despite his income, Rajesh struggles to make ends meet. His children's school fees alone amount to 100,000/- per academic year. In addition, he has to cover his wife's expenses (10,000/-), his own expenses (9,000/-), monthly EMI payments (10,000/-), daily groceries (2,500/-), and loan repayments (4,000/-).

At the end of the month, Rajesh has a negative savings balance of -500/-. To make up for this shortfall, he borrows 60,000/- from a moneylender.

As this example shows, middle class families can face significant financial challenges due to a lack of resources and increasing expenses.