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Minimum Income

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What is the minimum income required for a Normal family man per month on this modern world?

20 Replies

U
that depends upon the number of members in the family and their requirements
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U
for an ideal family of 4 ...i think 30000-40000 should prove to be a comfortable income
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U
Minimum and maxium are all individual-specific and their standard of living!
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U
Yes,it depends on the family members. Inflation is also rised. Needs are risen and the family has also restricted them to spend less.
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U
We can't say the minimum income for a family it depends on their living costs,purchases and savings.
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U
It depends upon the standard of living .For me I think 12000 is sufficient but to Ambani or Vijoy Malya 12,00,000 is not sufficient.
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U
Yes you are right Ram the more rich needs more money to live.
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U
Rupees six thousand should be minimum income. This is for lowest paid people and is for subsistence at a lower level.
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U
everything depends according to their financial situation and the number of members of the family.
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U
Gulshan ji the ammount you told is not correct to live a person with this now a days.
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U
that depends upon the number of members in the family and their requirements


Yes, it depends on requirements and standard of living.
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U
@Sasikanth

Gulshanji has talked about subsistence level! I have reservation about it so I won't give any figure as there are many variables in finding it out!
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U
Actual minimum income level cannot be determined as there are too many factors to it! Standard of living, number of mouths to feed, edcucational considerations etc. etc.
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U
Exactly, many of our poor families consist of big numbers so it's difficult to hazard any guess in this regard!
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U
It depends up on the number of members, their needs, cost of living the place where they stay and all will be calculated so we cannot tell like that
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U
there is no limit of money earning and expencing it but if our needs are limited then minimu rs 15000 per person required.
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U
yes, it depends upon the living place and no. of family members. If min. Means then 20000 rs per month is sufficient for 4 members.
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U
yes, 20,000rs are sufficient for their living but if their cost of living is very high then that amount may not be sufficent
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U
30 to 40 thousand for normal survival these days as the prices are very high .
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U
Every person need 200 to leave a happy life for a day. He can leave happily with 200 in a day.
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Topic Author

V

vinodh

@vinodh

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Created Wednesday, 28 December 2011 00:59
Last Updated Tuesday, 30 November -0001 00:00
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