The Illusion of Middle Class: Why People Identify as Rich, Even When They're Not
1 month, 4 weeks ago

The Illusion of Middle Class: Why People Identify as Rich, Even When They're Not

Live Mint  

The article explores why a significant number of people in India identify as middle-class, despite the varying income levels and statistical readings. One reason is that people are not aware of the country's big picture and may underestimate their position based on their income. Additionally, the concept of being rich is not universally defined, leading to discrepancies in self-identification. The article suggests that factors such as education, career opportunities, and social aspirations play a role in shaping people's sense of belonging and social standing.

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