The Loan Trap: How Excess Debt Quietly Kills Your Financial Future – Outlook Money
This is the number most people never calculate — the investment wealth destroyed by excess EMI. Assume two people, both earning Rs 1 lakh/month: Person B didn't lose money — he just borrowed his future and spent it on today. India's average household savings rate has declined from ~23 per cent of GDP in 2012 to approximately 18 per cent…
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