Families across Bangladesh struggle with money problems as prices keep climbing higher every day. Poor and middle class households find it harder to buy basic things like food and medicine. Many people have started working extra jobs just to pay their bills and feed their families. The rising costs have pushed millions of people into debt and forced them to make tough choices about what they can afford.
Kawser Mia from Tejgaon borrowed money from a bank back in 2016 to fix his house. His loan payments have jumped from 8 percent to 15 percent interest rate. The monthly payment eats up about 65 percent of his entire salary each month. He works as a street seller after his regular job ends to make enough money for his family.
Rice prices have shot up to over 100 taka per kilogram at many stores around Dhaka. Big companies buy rice from farmers at cheap prices and sell it for much more money to regular people. Food costs remain high even though the government says inflation dropped slightly to 9.05 percent in May. Workers and farmers both feel the pain of these higher prices every single day.
Professor Mustafizur Rahman says the government acted too late to fix the problem. Protein consumption has dropped among poor families as they cut back on expensive foods. Many people dip into their savings or borrow money just to survive each month. Healthcare and transportation costs add even more stress to family budgets already stretched thin.
Kawser Mia from Tejgaon borrowed money from a bank back in 2016 to fix his house. His loan payments have jumped from 8 percent to 15 percent interest rate. The monthly payment eats up about 65 percent of his entire salary each month. He works as a street seller after his regular job ends to make enough money for his family.
Rice prices have shot up to over 100 taka per kilogram at many stores around Dhaka. Big companies buy rice from farmers at cheap prices and sell it for much more money to regular people. Food costs remain high even though the government says inflation dropped slightly to 9.05 percent in May. Workers and farmers both feel the pain of these higher prices every single day.
Professor Mustafizur Rahman says the government acted too late to fix the problem. Protein consumption has dropped among poor families as they cut back on expensive foods. Many people dip into their savings or borrow money just to survive each month. Healthcare and transportation costs add even more stress to family budgets already stretched thin.
