Middle-income families hit hard by inflation, interest rates could sink the economy

Until recently, a two-income family with a couple of children could generally get by without too much financial pressure.

However, rising interest rates and inflation are taking their toll.

Saba Kazmi has two school-age daughters with her husband, Hasan Shahzad.

“Things are getting a bit tight,” Ms Kazmi says.

“I've always felt that, if you work hard — and you have a good, simple life — you can still enjoy and provide for your kids, but now I think the worry is creeping up.

Read More: https://www.abc.net.au/news/2023-02-14/brt-middle-income-crunch-to-affect-broader-economy/101953128