- Advertisement -
HomePersonal FinanceSalary Hike vs Rent Increase: Rent is increasing faster than salary, Bangalore...

Salary Hike vs Rent Increase: Rent is increasing faster than salary, Bangalore software engineer is worried

- Advertisement -
- Advertisement -

Salary Hike vs Rent Increase: Comparing salary hike and house rent hike may seem a bit strange. However, in the current environment when there is pressure on salary hike, it is being compared with rent and if this situation continues, then a time may come when the salary becomes more than the rent

Salary Hike vs Rent Increase: A software engineer from Bangalore has revealed that his salary has increased by only 7.5 percent in the recent appraisal. At the same time, the landlord has increased the rent by 10 percent. Now regarding this, the software engineer says that if this trend of spending more than income continues, then one day it will happen that his living rent will be more than his salary. He wrote these things on X (formerly Twitter) on which users are responding tremendously. A user has even reacted that the benefit of working in Bangalore is shrinking now, to which the software engineer has also agreed.

This is the response of the users

A user named Ray has tweeted that if the salary hike is 7.5% and rent hike is 10%, then one day the rent will exceed the salary. On this, a CA has written that urban life is going through a big scam like salary increases by 7.5% but electricity bill increases by 12%, rent by 10% and milk by 15%, while on the other hand savings fall by 10%. The CA says that this is not just the inflation rate but a tax system related to lifestyle without any law.

A user wrote that a big truth of life for most IT employees in Bangalore and Hyderabad is that half of their salary is spent on rent and half on paying taxes.

One user jokingly wrote that now a full-time course should be started on how to become a landlord, while another user wrote that a law should be made to declare salary hike of less than 10 percent as criminal.

Most Read Articles:

Deepak Kumar
Deepak Kumar
Deepak Kumar has 2 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @deepakmaurya152004@gmail.com
RELATED ARTICLES

Most Popular

Recent Comments