ilmscore | Why Your Salary Didn't Grow in 5 Years - The Middle Class TRAP! | Ankur Warikoo Hindi

Predictions from this Video

Total: 25
Correct: 5
Incorrect: 10
Pending: 10
Unrated: 0
Prediction
Topic
Status
Real income wages (inflation-adjusted) saw only a 0.1% increase over a 5-year period from Q2 FY2020 to Q1 FY2. On average, salaries did not increase in real terms over this period.
"From Q2 FY 2020 to Q1 FY2, the real income wages, i.e. inflation adjusted income or salary levels, do you know by how much they increased? 0.1%, i.e. inflation adjusted, on an average salary did not increase in 5 years"
Real Income Growth
Incorrect
Real income for male employed workers decreased by 6.7% over the analyzed period. An individual earning ₹100 in 2020 would be earning approximately ₹93 in real terms today.
"the income of male employed workers fell by 6.7% at the real level. Meaning, if a person was earning ₹100 in 2020, then today the same person is earning around ₹93 inflation adjusted."
Real Income Decline for Male Employed Workers
Pending
Real income for salaried women declined by 12.7%.
"Salaried women went down by 12.7%,"
Real Income Decline for Salaried Women
Pending
Real income for self-employed men decreased by 12%.
"self-employed men went down by 12%"
Real Income Decline for Self-Employed Men
Pending
Real income for self-employed women saw a significant drop of 32%.
"self-employed women went down by 32% in real income."
Real Income Decline for Self-Employed Women
Pending
The household savings rate has fallen to 5.2%, which is the lowest it has been in 47 years, down from an average of 11.7% five years prior.
"family household savings, which is a percentage of the national domestic income, was 11.7% on an average 5 years ago. Today it is 5.2%. The Lowest Savings Rate This Country Has Seen in 47 Years."
Household Savings Rate
Incorrect
The top 1% of the population now controls 40% of the nation's total wealth.
"The Top 1% of the Country. They now own 40% of the total national wealth."
Top 1% Wealth Ownership
Incorrect
The top 1% of income earners now hold 22.6% of the national income, a level not seen since 1922.
"The top 1% own 22.6% of the national income, the highest level since 1922."
Top 1% Income Share
Pending
Billionaire income has grown by 280% relative to national income.
"Billionaire Income has grown by 280% as a percentage of National Income"
Billionaire Wealth Growth
Pending
The share of national wealth held by billionaires has increased from 1% in 1991 to 25% currently.
"Billionaire wealth was 1% in 1991 and is 25% today."
Billionaire Wealth Share
Correct
The middle 40% of the population's share of national income has dropped from approximately 45% in 1980 to 23% today.
"The share of the middle 40% of the total national income was around 45% in 1980. Today it is only 23%."
Middle Class Income Share
Incorrect
The bottom 50% of the population's share of national income has declined from 23% in 1980 to 15% today.
"The share of the bottom 50% was 23% in 1980. Today it is 15%."
Bottom 50% Income Share
Incorrect
It would take an individual earning ₹1 lakh per year in Mumbai 55 years of work to afford an average house.
"If a person in Bombay earns ₹1 lakh per year, ... it will take him 55 years of working throughout his life to buy an average house."
House Purchase Time in Mumbai
Pending
In Bangalore, it takes approximately 23 years of work to afford an average house.
"In Bore, this number is 23 years less, but still 23 years."
House Purchase Time in Bangalore
Incorrect
In Delhi, it takes approximately 30 years of work to afford an average house.
"In Delhi, this number is 30 years less, but still 30 years."
House Purchase Time in Delhi
Pending
The ratio of average house price to yearly income in India is 7-17 times, significantly higher than the global average of 3-5 times.
"globally an average house price is three to five times your yearly income. Do you know what the same number is in India? Seven to 17 times."
Average House Price to Income Ratio (India)
Correct
Wealthy individuals use loans to acquire assets that generate income or appreciate in value, contrasting with how the middle class might use loans for consumption.
"A rich person would be using the same loan to buy something that would make him money."
Loan for Investments
Correct
It is recommended to only take out loans for education and for purchasing a home.
"only two loans should be taken in life. One for studies and one for home."
Optimal Loan Types
Pending
Investing in large-cap stocks can yield a reasonable annual return of approximately 12%.
"If you invest in large cap, you get a reasonable 12% return"
Investment Returns - Large Cap
Incorrect
Investing in flexi-cap or mid-cap funds can generate a reasonable annual return of approximately 15%.
"if you invest in flexi cap, mid cap, you get a reasonable 15% return"
Investment Returns - Flexi Cap/Mid Cap
Incorrect
Investing in small-cap stocks can offer a reasonable annual return of approximately 18% over the long term.
"if you invest in small cap, you get a reasonable 18% return"
Investment Returns - Small Cap
Incorrect
Earning an average of 14-16% on a diversified portfolio is considered highly successful, with individual asset classes yielding 12-18%.
"If you get these returns, you are a rockstar. Not 25, 30% friend, these are the basic numbers of 12, 15, 18 on an average, if you are able to earn even 14, 15, 16% on your portfolio."
Portfolio Return Expectation
Incorrect
Expect 12% returns from large-cap stocks, 15% from flexi/mid-cap, and 18% from small-cap over the long term.
"If you invest in large cap, you get a reasonable 12% return, if you invest in flexi cap, mid cap, you get a reasonable 15% return, if you invest in small cap, you get a reasonable 18% return over a long period of time."
Investment Returns
Pending
Achieving a 14-16% average portfolio return through consistent, 'boring' investment strategies will lead to unimaginable wealth over time, as opposed to unrealistic 25-30% targets.
"If you get these returns, you are a rockstar. Not 25, 30% friend, these are the basic numbers of 12, 15, 18 on an average, if you are able to earn even 14, 15, 16% on your portfolio. You will earn more money than you could have ever imagined. It Will Just Take Time And Be Boring And Boring Works."
Investment Returns
Pending
Only take loans for education and housing; loans for depreciating assets like cars or phones, or for vacations, are considered 'bad' loans.
"Don't take any loan. In fact, only two loans should be taken in life. One for studies and one for home. Otherwise, if you have to take a loan for a car or a phone or for a vacation, then it is a bad loan."
Loan Strategy
Correct
Build an emergency fund covering 3-6 months of necessary expenses, holding it in debt mutual funds rather than FDs or bank accounts.
"Please make it as much as you can and as much as you can. Whatever be the necessary expenses multiplied by 3 months, 6 months, keep it in debt mutual fund. Do not make FD. Don't keep it in the bank."
Emergency Fund
Correct