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‘Good son’ lets parents take loans in his name, ends up buried under ₹65 lakh debt; saves just ₹10K from ₹1.4 lakh/month salary | Collector
‘Good son’ lets parents take loans in his name, ends up buried under ₹65 lakh debt; saves just ₹10K from ₹1.4 lakh/month salary
Economic Times

‘Good son’ lets parents take loans in his name, ends up buried under ₹65 lakh debt; saves just ₹10K from ₹1.4 lakh/month salary

A man faces ₹65 lakh debt after repeatedly bailing out his parents' failing businesses. Despite a good income, his finances are strained. He is now considering selling his flat to clear the debt. This situation highlights the difficult balance between familial duty and personal financial well-being. He seeks a path forward that ensures his own stability.

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