Middle class feels the squeeze at rising cost of living - News Summed Up

Middle class feels the squeeze at rising cost of living


The slum dwellers are even more vulnerable to the rent hike, as their rent was hiked from Tk2,250 to Tk8,500 during the same period. Aside from the house rent, charges for essential utility services like gas, electricity and water has also gone up by around 50%. As the average household income saw an increase in the last decade, the household expenditure also witnessed a sharp rise. Although the cost of living and household income has increased in the last decade, but this statistic does not apply to all income groups. One of his sons is employed at a private firm and helps him out by paying the house rent and bills.


Source: Dhaka Tribune November 28, 2017 16:41 UTC



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