Being Financially Illiterate? Fake lifestyle finally leads to 'fakiri'. Simplicity is sincerity. Showing off leads to self-destruction. The image highlights how '' Gen_Z'' is fast becoming the poorest generation despite appearing affluent, driven by a culture of show-off and social media validation. Around ''70% of iPhones in India are bought on finance'' and young earners routinely spend most of their salaries on EMIs for phones, sneakers, bikes, expensive marriages and cars merely to maintain status. This obsession with looking rich has led to a sharp rise in personal debt, with ''credit card defaults jumping nearly 500% between 2020 and 2024'', while basic financial safeguards like savings, health insurance and life insurance are widely ignored. Fake lifestyles—staged travel, borrowed luxury and manufactured online clout—mask the reality of financial fragility. ...
Sahil Sharifdin Bhat is a lecturer and writer who has authored about a dozen books, hundreds of poems and around 4,000 quotes. His favourite subjects are (I) English literature, (II)English language,(III) World philosophy, (IV)Theology and (V) World history. He frequently shares his opinions on social media. Sahil believes that knowledge is more delicious than honey for curious souls. To learn more about him, simply type ''Sahil Sharifdin Bhat'' into the Google search bar. ➡️WELCOME⬅️