Egypt’s economic turmoil squeezes struggling middle class
Egypt
- Date: 18-Jan-2023
- Source: Jordan Times
- Sector:Financial Services
- Country:Egypt
Egypt’s economic turmoil squeezes struggling middle class
CAIRO — With Egypt's economy in crisis, the currency in freefall and inflation skyrocketing, the poor have been hit hard but the middle class is also teetering on the brink.
"It's like we were hit by an earthquake, suddenly you have to let go of everything," said Manar, a 38-year-old mother of two.
"Now whatever semi-humane life people had has been reduced to thinking about how much bread and eggs cost," she told AFP, asking to be identified only by her first name.