Parents’ wallets still funding young millennial lifestyles
Millennials in their first job in a big city away from their parents are finding costs too high. Striking a balance between savings and spending is what can help bridge the gap
Last year, Nakshatra Gowda, 22, spent nearly 65% of her salary on rent during her stint as a digital marketing executive with a real estate company in Bengaluru. This was her first job and she left home to work in a different city. “I was left with only ₹ 5,000 after paying the rent and utilities. I didn’t have enough money to shop or to go out with friends. So I took help from my father," said Gowda. After six months, she realised the need for a better paying job.