Dear Friends
Scenario in 2000
In 2000, The average Fresher (Engineering) salary in a reputed firm was approx. 1.7L (assuming 15K per month). Assuming the candidate gets a 7% hike every year consistently for 5 years, the salary would have been ~2.5L in 2005, ~3.5L in 2010, ~5L in 2015, ~8L in 2022, after keeping 22 years of hard experience in the same company. I am not assuming abnormal salary jumps within a company nor company shifts. Individually this candidate was not able to witness 6 digits’ salary even after 20+ years of experience.
Assuming this candidate marries in the year 2005 and both of them working, they would have seen 6 digits’ salary in the year 2015 only. This couple took 15 years to see 6 digits’ salary. In 2030, this candidate salary becomes ~13L, ~26L in 2040, ~55L in 2050. I am assuming a 7% hike in line with inflation and sufficient for basic living for a simple (minded) family.
Scenario in 2022
Contrary to this, if a fresher starts at 15L in 2022, assuming current sporadic corporate hikes like 20%, the salary becomes 65L in 2030. At the same time, his classmate who started with a base salary of 4L and avg hike of 7% reaches 15L only in 2030! What kind of paradox is created in society today with the same intellectual, emotional, educational qualifications and other qualifying parameters?
Now let us look at it from a social perspective.
In 2022, this boy’s age is 21. He reaches 15L in 2042 at the age of 41 years with a base 4L salary. It means 90% male engineers reach 15L at the age of 41 assuming 7% increase and they get selected for an average 4L package. Why am I stressing 15L because most of the families are expecting a 15L package for a marriage discussion!!
Now look at it from the girl’s side. According to data by the NFHS, women are marrying late due to a shift in focus towards education and getting jobs (Live mint). This is positive news in one sense. Let’s assume the average female fresher salary is 4L in 2022. In 2026, the salary is going to be 6L (age 26). If they expect a min 10L package for a groom, it is impossible from the 90% generic pool! They have to go to a 10% abnormal pool or compromise with a 35-year-old normal IQ person who gets 15L in that age!
If a girl starts with a base package of 15L in 2022 and assuming she gets into the abnormal 20% hike category, she draws 37L at the age of 26! If she expects a 3-year gap and the groom in the same bracket groom, he gets 64L at the age of 29. If they both marry, they cross 7-digit figures in 2030 itself and 6.3cr in 2040. What kind of impact gets created in that couple and their children’s life? They need to be constantly on their toes and treadmill to meet their financial goals. What kind of social pressure are we adding in the young minds and their children? Children create a baseline from the parents and work from those goals. It is an unnecessary burden on children’s psychology. They are never able to think like a middle class which is considered to be the most healthy goal in society today.
What is the ideal scenario?
At the age of 22, assume a girl earns 4.5L and at the age of 26 boy earns 5.5L, together they cross 10L. When the groom attains 30, together they earn 15L, 18L at 35, 25L at 40 years! This way girls get an opportunity to be financially independent, participate in the family financial goals and help boys earn more sustainably. This way together earns less than what they need, positively engaging in the family growth till they reach 40 and 36 respectively. At 40, their kids attain 12 & 9 years old respectively. When the father attains 60 and mother 56, kids become 32 & 29 respectively. I am only talking about the Normal curve & average population. Of course there are always tails in the curve and I am not debating on specific special cases (due to family circumstances, medical aspects, and other unforeseen conditions, luck favours)
Parents are relieved from the responsibilities and kids are supposed to take care of the parents from that age. This way there is no need of maintaining 2 families (inflation reduced with joint families). More employment opportunities can be created for the younger generation. However, if we talk in this language, we are called as old mindset and traditional thinking. We are not thinking modern.
Dear Young Generation,
Please ponder in this direction once. If I hurt your sentiments, My sincere apologies. This is written in the context of promoting stress-free life in the young which is the prime cause of depression, suicides, divorce, family problems, late marriage & delayed children, unwanted relationships and so on. Please don’t add any financial burden with unwanted financial goals.
*All Human beings need basic food, health, minimum living standards, love & social security for & from their parents and finally love of God and His true blessings! *
Anything more is perceived as Luxury but with huge social cost, anything less is called impoverishment but with great hope to live on this earth and for equal opportunity.
Best wishes for the young who take this message positively and my sincere apologies to one who considers this as scrappy.
Ravi Saripalle
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