Last Updated:
An NRI who has lived in Europe for nearly a decade explains why Indians feel constant pressure to save, pointing to four major expenses that shape financial decisions
His take has sparked a debate online. (Instagram/@our_unscripted.life)
Many people in India grow up believing that saving as much money as possible is essential. From medical emergencies to children’s education and retirement, financial planning often begins early and continues throughout life.
An Indian living in Europe believes this difference is not just about personal habits but also about the systems people live under. In an Instagram video, he explained why Indians tend to worry more about saving than many Europeans.
He Explains Four Key Reasons
Content creator Mukul Anand, who has been living in Europe for nearly 10 years, shared that four major expenses shape the way Indians think about money. According to him, these are healthcare, education, retirement and weddings.
“Why do Indians save so much while many Europeans seem more relaxed about money?” Anand wrote on Instagram. He added, “After living in Europe for almost 10 years, I’ve realised it’s not just a mindset—it’s the system. Healthcare. Education. Retirement. Weddings. These four major expenses shape how people think about money and the future.”
Explaining his first point, Anand said healthcare is one of the biggest reasons Indians save so much. “Europeans pay for their social security and healthcare and it covers them in emergencies. In India, people save for emergencies.”
The second reason, he said, is education. “Europe’s public schools are mostly free, while Indian parents have to send their children to private schools which costs a fortune.”
He also spoke about retirement and weddings. According to Anand, “Europe’s social fund gives peace of mind, but in India, people work tirelessly to save for retirement fund,” adding, “Indian parents spend an insane amount on weddings unlike Europe.”
He summed it up by saying, “These four costs keep Indians always planning, always worried, while Europeans live a bit freer!”
Social Media Shares Its Views
The video received mixed reactions from viewers, with many agreeing that financial responsibilities in India are very different.
A user wrote, “Love your content! Always informative and insightful.” Another commented, “The concept of savings and sending money to parents is only found in very few countries, like India. Especially the 90s kids have this bigger responsibility of being the sole breadwinner of the family, yet managing a whole family from a meagre salary.”
A person said, “Great pointers.” A different person wrote, “True, but do you know the main reason ? It’s our population. Our government can’t support such a big population.”
About the Author
A team of writers at News18.com bring you stories on what’s creating the buzz on the Internet while exploring science, cricket, tech, gender, Bollywood, and culture.
Read More
