Chartered Accountant Nitin Kaushik recently highlighted how modern consumer habits, often seen as lifestyle “upgrades,” may actually be trapping individuals in a cycle of constant spending. In a viral post on X, he pointed out how products like cars, phones, and digital services are built to become outdated quickly, forcing people to replace them more often than needed. He described this pattern as “modern slavery,” where financial peace is sacrificed for pressure to keep up.
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