India, March 28 -- A 42-year-old salaried man took to Reddit to express his despair after accumulating Rs.62 lakh in debt due to losses in stock market options trading. Despite earning Rs.1.5 lakh per month, he said most of his salary goes toward EMIs, leaving him with only Rs.20,000 to manage household expenses for his family of four.

"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 Rs.12 lakh in credit card debt, Rs.25 lakh in personal loans, and another Rs.25 lakh in a home loan, with repayments stretching over the ...