Earning Over ₹50 Lakh, Yet Zero Savings: Shocking Survey Reveals Financial Struggles of India's Rich

It’s commonly believed that high income guarantees financial security. But a new survey by Marcellus Investment Managers and Dun & Bradstreet has shattered this assumption, revealing that many high-earning Indians—those making over ₹50 lakh annually post-tax—are struggling to save or invest money at all.

At a time when saving and investing have become top financial priorities for middle-class households, this report shows a worrying trend among the upper-income segment. Despite earning a fortune, a surprising number of India’s affluent population remains financially vulnerable.

The Survey: What the Numbers Say

The study included 465 individuals with annual post-tax incomes exceeding ₹50 lakh. The findings are eye-opening:

• 43% of respondents save less than 20% of their income.

• Among those aged between 30 and 45 years, the savings rate is even lower.

• 20% of participants admitted they lacked sufficient financial knowledge about investing.

• A shocking 14% do not even have an emergency fund, leaving them exposed in times of crisis.

• Despite their high earnings, many participants reported having low net worth, with liabilities eating into their assets.

These numbers paint a picture of wealth that is more superficial than secure.

Why Are High Earners Struggling Financially?

The survey points to a lack of financial discipline and planning as key contributors. Several patterns emerged:

• Lifestyle Inflation: As income increases, so do expenses. Many individuals expand their lifestyle rapidly — luxury cars, lavish vacations, branded items — leaving little room for savings.

• Poor Financial Literacy: Even among the wealthy, 20% lack basic investment knowledge. They either park their money in low-yield instruments or avoid investing altogether.

• Lack of Emergency Planning: With 14% not having an emergency fund, these individuals are at risk during sudden events like job loss, medical emergencies, or family crises.

• Emotional Spending & Social Pressure: A desire to “keep up appearances” in elite circles often results in impulsive and unnecessary expenses.

• Fear of Stock Market: A significant number of respondents avoid equity investments due to fear of risk, despite the long-term growth potential.

Aspirations vs Reality

While 75% of participants said they are saving for their children’s education or marriage, and 30% want to retire early, only a few are taking the concrete financial steps needed to reach these goals.

What’s even more surprising is that among those who dream of early retirement, 30% lack financial discipline, putting their goals at risk.

What Can Be Done? Key Takeaways

1. Financial Education is Essential – High income doesn't equate to high financial intelligence. There's a growing need for professional financial advice, even among the affluent.

2. Budgeting and Goal Setting – Irrespective of income level, monthly budgeting and setting realistic long-term goals are essential for wealth creation.

3. Emergency Fund is a Must – A safety net of 6–12 months’ worth of expenses should be a non-negotiable financial priority.

4. Invest Wisely – Avoiding equity markets out of fear can be costly. Diversified investments, including mutual funds, real estate, and bonds, can help manage risk and maximize returns.

5. Avoid Lifestyle Traps – Learn to distinguish between needs and wants. Just because one can afford something doesn’t mean it should be bought.

Conclusion: High Income, Low Net Worth — A Wake-Up Call

This survey is a wake-up call for high-income earners in India. It proves that earning big isn’t enough — how you manage, save, and grow your money matters more. Without financial discipline, literacy, and planning, even the wealthiest can find themselves financially insecure.

If you’re in a high-income bracket, now is the time to reflect: Are you building wealth or simply spending your way into financial stress?