From Salary to Slippery Slope: Mukherjea Predicts Hard Reset Ahead

Top finance guru Saurabh Mukherjea issued a dire warning to India's middle class: relying only on your salary no longer means your financial well-being is assured. Mukherjea, who doesn't mince words when speaking to markets, says the era of effortless, salary-driven security is gone, and there needs to be an urgent hard reset in personal finance habits.

 

Key Points:

 

•⁠  ⁠Mukherjea highlights how increasing inflation, flat wage growth, and disruptive technologies such as AI are depleting the purchasing power of wages, making the middle class exposed.

 

•⁠  ⁠He calls on experts to diversify aggressively beyond fixed deposits and monthly salaries—promoting investment in equities, mutual funds, and developing skills to achieve true financial resilience.

 

•⁠  ⁠The advisor warns that the tried-and-true "study hard, get a good job, retire well" equation does not apply in the current precarious economy.

 

•⁠  ⁠Mukherjea emphasizes the importance of generating multiple streams of income—via side businesses, passive investments, or entrepreneurial ventures—to weather economic downturns and safeguard family finances.

 

•⁠  ⁠He also emphasizes the need for continuous learning and adaptability, as the jobs and the sector are being reshaped rapidly.

 

Prospect: The message to India's middle class is straightforward: more activist and investment-minded is needed. Those who adapt and create diversified portfolios will thrive, but those who live off their paycheque alone will fall behind in the new economy.

 

Source: Economic Times, Moneycontrol