A family in Maharashtra was wiped out after 19-year-old Kunal Chandgude, unable to pay iPhone EMIs, fled to a cliff. His father fell trying to save him, and his mother jumped in despair. With 42% of iPhones sold on EMI, this tragedy exposes how aggressive financing traps low-income families in devastating debt cycles.
Health
The EMI Trap: How Aspiration Killed Entire Family
