Why even well-earning families are feeling financially stretched?
- Rising EMIs, lifestyle spending and fixed monthly expenses are leaving even well-earning families with little cash left each month.
- Families often juggle home and car loans along with personal loans, credit card dues and consumer EMIs.
- Unexpected expenses such as medical bills, home repairs or job changes can force families to dip into savings or take on more debt.
- The article says the goal is not to eliminate EMIs, but to maintain enough financial cushion to handle emergencies without taking another loan.
Source: outlookmoney.com
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