The Harsh Reality of India’s Blue-Collar Workforce: Living on the Edge of Financial Insecurity
A staggering 58% of India’s blue-collar workforce earns less than â‚ą20,000 per month, barely enough to cover basic expenses like rent, groceries, and commute. With inflation eating into their meager earnings, these workers are left with zero room to save, invest, or grow their wealth.
The Income vs Expenses Ratio: A Broken System
Income: â‚ą20,000 per month (or less)
Expenses: Rent, groceries, commute, and other essential expenses
Result: Debt, financial insecurity, and zero mobility
The Debt Trap: A Cycle of Poverty
Debt: High-interest loans, credit card debt, and other financial liabilities
Inflation: Rising costs of living, reducing purchasing power
Financial Trap: Zero mobility, zero freedom, and a constant struggle to make ends meet
The Workers Who Keep India Going
Delivery Executives: Delivering food, groceries, and other essentials
Security Staff: Guarding homes, offices, and public spaces
Educated Professionals: Working in various industries, often for low wages
The Need for Change: Breaking the Cycle of Poverty
To break this cycle of poverty and financial insecurity, it’s essential to address the root causes of low wages, lack of financial inclusion, and limited access to affordable credit. By providing better financial tools, social security, and opportunities for growth, we can help India’s blue-collar workforce build a more stable and secure future .
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