The soaring prices of essential products, including kitchen goods, have adversely affected all segments of society in Bangladesh. From the rich to the lower social strata, everyone is feeling the impact. Surprisingly, it is the lower-middle class that is suffering the most. In the post-World War II era, there was no distinct middle class in the region, and it emerged after the departure of British colonial power. Bangladesh inherited an agrarian economy from undivided Pakistan, and it took time for its own middle class to emerge.
However, the Bengali urban middle class eventually developed, influenced by non-Bengali industrialists. Unfortunately, the middle class, especially the lower segments, is now experiencing a decline in social and economic status. The COVID-19 pandemic and the ongoing Russia-Ukraine war have worsened the situation. Lower-middle-class families are resorting to government outlets for subsidized goods, while the middle class finds itself severely affected. With limited signs of economic improvement, Bangladesh’s middle class is facing unprecedented challenges and a state of disarray.
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