He said that he now earns upwards of ₹ 5 lakh per month, and anything less than that he considers unacceptable.
A Dehradun-based investor and content creator has sparked amusement online by claiming that ₹ 5 lakh per month is “bare minimum” for him. Karan Gulati, who posts under the handle “thatsikhinvestor” recently shared a polarizing video on Instagram.
When the woman sitting next to him in the clip pointed out that 5 lakh/month puts a person in the top 1%, he countered by observing that in his social circle, almost everyone seems to be in that same 1% bracket. others took recourse in humour. (Also read: Investor says people with ₹ 50 lakh ‘liquid’ net worth are ‘lower middle class’ ) “Anything less than 80 lakhs a month is below poverty line While some people slammed him outright for what they called his elitist and out-of-touch comments.
(Also read: ‘ ₹ 1 lakh a month is the new ₹ 30,000’: Gurgaon woman shares middle-class budget reality ) In the video, Gulati claimed that earning ₹ 5 lakh per month is now “bare minimum” for him. “At this stage, five a month would be bare minimum for me,” he said. “Anything below, and I’m thinking what the hell,” the Dehradun-based trader added. “Somehow everywhere I look, everyone’s in the 1%,” said Karan Gulati. “The bare minimum for an individual evolves,” he captioned the video on Instagram, indicating that he wanted it to be a reflection on lifestyle inflation. “I don’t try to be cool but 40-50 lakh is the bare minimum,” another quipped. “5 lakhs a month is too poor,” a third joked. “I am not taking anything below ₹ 69 thousand a day!!” an Instagram user wrote in the comments section. Hope you are aware,” a viewer said.
If Gulati meant for his video to be a commentary on lifestyle inflation, the nuances were lost on his viewers. “Without your dads wealth and with your law degree you won’t make half of it mate. He did clarify that the figure is a personal milestone. Instead, the comments section was quickly flooded with mocking comments. You are technically poor hence everyone you meet earns only that much,” joked one person. Some asked Gulati whether he had acknowledged the role of generational wealth .
