What can be a family earning 60,000 Rs per month called in India, middle class or rich?

New Title: Understanding the Financial Status of a Family Earning 60,000 Rs per Month in India

Rewritten Article:

Understanding the Financial Status of a Family Earning 60,000 Rs per Month in India

In India, the financial status of a family earning 60,000 Rs per month can be subjective and depend on various factors such as location, family size, and personal desires and needs. However, Quora users have provided some insights into how this income can be categorized.

Based on the cost of living in developed cities in India, a family earning 60,000 Rs per month can be considered lower middle class or middle class. This income level may be enough for basic survival in a developed city, but it may not provide a luxurious lifestyle or be considered wealthy.

Yasser Raja, a Quora user, has categorized income levels in India based on various income ranges. According to his classification, a family earning up to 60,000 Rs per month would fall under the lower middle class category. This means that they are above the poverty line but are still not considered rich.

However, it is important to note that these categories are not set in stone and can vary depending on factors such as family size, location, and lifestyle choices. For example, in metropolitan cities like Bangalore, Mumbai, Delhi, Kolkata, and Chennai, where the cost of living is higher, a monthly income of 60,000 Rs may not be enough to be considered middle class.

Additionally, the concept of being middle class is not solely determined by the amount of money earned. It is also influenced by how the income is earned. Meghna Sampath, another Quora user, explains that historically, middle class referred to those who needed to work for a living and received a monthly salary, distinguishing them from the aristocracy and peasantry.

Therefore, while a family earning 60,000 Rs per month may be considered middle class based on income levels, it is important to consider other factors such as location, lifestyle choices, and personal needs and desires. The financial status of a family cannot be solely determined by income alone, but also by how that income is utilized and the quality of life it provides.