News on Medial

'Biggest scam': Lemonn cofounder sparks debate on middle-class salary crisis

Internet · 6d

Ashish Singhal, the CEO of Peepal and cofounder of CoinSwitch and Lemonn, ignited debate by calling middle-class salaries "the biggest scam" due to their negligible growth compared to living costs. While food prices have soared by 80%, middle-class incomes have barely increased, leading to reliance on credit over earnings. Singhal contended that both AI-induced job threats and ineffective money management contribute to these struggles, highlighting political neglect of middle-class economic challenges.