Being trapped in deep debt is one issue, but a significant portion of society is silently grappling with the reality of being house-rich and cash-poor. Living in a home worth 2 crores yet haggling over a mere 500 bucks with domestic help indicates a severe liquidity crisis. Liquidity has lost its true meaning for many.
Yup. Haggling over a few rupees with anyone in poverty might indicate a malaise beyond financial. It accrues another form of debt – spiritual, that probably doesn’t provide even short-term gratification.
Being trapped in deep debt is one issue, but a significant portion of society is silently grappling with the reality of being house-rich and cash-poor. Living in a home worth 2 crores yet haggling over a mere 500 bucks with domestic help indicates a severe liquidity crisis. Liquidity has lost its true meaning for many.
Yup. Haggling over a few rupees with anyone in poverty might indicate a malaise beyond financial. It accrues another form of debt – spiritual, that probably doesn’t provide even short-term gratification.