Mar 28, 2025 02:44 PM IST
A salaried man shared his struggles with a ₹62 lakh debt after losing money in stock market trading, leaving him with only ₹20,000 for household expenses.
A 42-year-old salaried man took to Reddit to express his despair after accumulating ₹62 lakh in debt due to losses in stock market options trading. Despite earning ₹1.5 lakh per month, he said most of his salary goes toward EMIs, leaving him with only ₹20,000 to manage household expenses for his family of four.
₹1.5 lakh monthly, he said EMIs take up most of his salary.(Pexel)” title=”Despite earning ₹1.5 lakh monthly, he said EMIs take up most of his salary.(Pexel)” />“I took loans and lost money in share options trading. Now I’ve left it but feel very guilty and lost all hope of having a good life. I always think about the past and have become totally isolated because of these worries,” he wrote. He detailed how he is struggling with ₹12 lakh in credit card debt, ₹25 lakh in personal loans, and another ₹25 lakh in a home loan, with repayments stretching over the next five years. With two young children, aged 10 and 6, his financial burdens have left him feeling hopeless about the future.
Take a look at the post:
His post struck a chord with many, including a woman who shared her own struggles with debt. “I’m a 30-year-old woman married to a man in ₹2 crore debt due to bad decisions by my father-in-law. At this point, we just laugh and wait to see what life throws at us. We don’t even know if we’ll have our house next month. We’re trying different businesses, but it has become depressingly funny now—we just don’t know what to do next!”
Several users responded to the post with advice, suggesting financial planning, debt restructuring, and side-income opportunities as potential ways to ease the burden.
A user wrote, “debt consolidation loans.. check with bajaj and tata capital.. they’ll offer you single loan for all loans by consolidating into single EMI.”
HT.com has not independently verified the claims made in the post.
