New Delhi, May 22 -- Are middle-class salaries the "biggest scam" that nobody talks about? That's the question that a Bengaluru-based entrepreneur has come up with-and it's hitting home for a lot of folks online.

In a candid LinkedIn post, Ashish Singhal, the Group CEO of fintech firm PeepalCo, didn't mince words. He called out what he described as "the biggest scam no one talks about": the slow, silent squeeze on India's middle class.

"This isn't a collapse. It's a well-dressed decline," he wrote, arguing that the illusion of financial stability is being stitched together with EMIs, credit card debt, and dreams downsized to fit tighter budgets.

Citing numbers to substantiate his claim, Ashish Singhal stated that over the past 10 years...