An investor's recent online post has sparked a heated debate by categorizing people with a ₹50 lakh liquid net worth as "lower middle class.
" Sourav Dutta, the Europe-based investor, claimed that ₹10 lakh makes one "poor," ₹1 crore is "middle class," ₹2 crore is "upper middle class," and ₹5 crore is "rich." He defined net worth based on assets that can be liquidated within two days, excluding houses and cars.
Dutta's post, viewed nearly 8 lakh times, drew criticism for being out of touch, with many users disputing his classifications and commenting on the declining value of money.