Investor says Rs 25 lakh salary falls short for family of 3, breaks down costs. Backlash follows

The investor feels Rs 25 LPA salary is not enough to sustain a family of 3. (Representational)

A tweet by an investor known for his controversial opinions has ignited a heated debate on social media over the adequacy of a Rs 25 lakh per annum salary to sustain a family of three. The investor, Sourav Dutta, took to X to share his perspective, stating that Rs 25 LPA is insufficient for managing a family's needs, drawing both support and criticism from the online community.

"₹25 LPA is too little for running a family. ₹25 LPA = in hand ₹1.5L per month. A family of 3 would spend ₹1L on essentials, EMI/rent. ₹25K for eating out, movies, OTT, day trips. ₹25K for emergency and medical. Nothing left to invest," Dutta tweeted, outlining his calculation of monthly expenses.

This isn’t the first time Dutta has expressed such views. In an earlier statement, he had dismissed a ₹25 LPA salary as "nothing" in the current economic landscape, especially in the context of tech salaries.

25LPA is too little for running a family.

25 LPA = in hand 1.5L per month.

Family of 3 would spend 1L on essentials, EMI / rent.

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25K for eating out, movies, OTT, day trips.

25K for emergency and medical.

Nothing left to invest.

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— Sourav Dutta (@Dutta_Souravd) August 11, 2024

Another criticised Dutta's expense breakdown, pointing out the impracticality of allocating Rs 25,000 monthly for both dining out and emergency medical bills. "A family spending ₹25K a month for 'medical' would never spend ₹25K on miscellaneous expenses like eating out, day trips, etc. Please don't misguide people with ridiculous calculations," the user stated.

Others questioned the investor's spending priorities, especially the allocation of Rs 25,000 for entertainment and dining every month. "You want to spend ₹25K on dining out, OTT, and movies EVERY MONTH, and then you complain nothing left to save," another user commented, highlighting the disparity between Dutta's suggested budget and the reality faced by many families.

Dutta, unfazed by the criticism, responded to detractors by saying, "People make fun of the greatest of individuals. Doesn't mean anything."

His recent comments have prompted a strong response from industry professionals and social media, many of whom feel that it remains a respectable salary, depending on factors such as location, industry, experience, and lifestyle.

While some users argued that a Rs 25 LPA salary can go a long way in Tier 2 cities, where living costs are lower, others pointed out that essentials often get inflated with unnecessary expenditures being classified as "essential."