Auto driver earning ₹75K monthly has no savings due to daughter's education costs
· India · LiveMint, Times of India, Wall Street Journal
An auto driver earning approximately ₹75,000 per month revealed he has no savings after covering expenses, including ₹1.4 lakh annually for his daughter's school fees. He stated he occasionally borrows money to pay bills and shared his financial breakdown in a viral video, mentioning costs like rent, groceries, EMI, and vehicle maintenance. The video, shared by a financial services company on Instagram, sparked online debate about education costs in India, with some users criticizing the education system as a "joke" and others suggesting he downshift expenses or avoid having children if finances are tight. The location of the interaction remains unknown, and Live Mint could not independently verify the claims made in the social media-generated content.
Why it matters
The story highlights the financial strain education costs place on Indian families, even those with moderate incomes, prompting public discussion about affordability. It reflects broader concerns about household savings and debt dependency amid rising schooling expenses in the country.
Read the original report — LiveMint
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