Today in my article I will talk about life as a Bangladeshi family living in the middle class and some thoughts on how they can find more balance between their careers and their home life. And finally, I will focus on how sound money can bring prosperity to the economy of Bangladesh which can change our standard of living. So let's get into the main content of my article 👇
The word Bangladesh means 'Bengal Tiger Land' and it is a developing country in South Asia. I'm not sure why the country is named after an endangered species, but hey, I know what. As you can guess from the title of this blog post, Bangladesh is one of the countries that needs your help to get out of poverty.
Bangladesh has a population of over 160 million people, and is the world's 8th most populous country.
It has got some nice features like its river which is used for transportation and fishing! But also, there are some serious problems with poverty and natural disasters that are happening everywhere.
Bangladeshi Family:
Bangladesh is a country in Asia that has been growing in population over time. The Bangladeshi culture consists of an extremely diverse group of people with many things to offer." The Bangladeshi family is very important within their society and they are one of the most popular families around the world. They are known for being hardworking, kind, and charismatic individuals who often find themselves working long hours at any given time for their family's well-being. They can be found living everywhere from New York City to California to Africa to even Europe!
The average Bangladeshi family has 6/8 people. That includes parents, kids, grandma and grandpa - so it's not uncommon for one household to be home to two generations living under the same roof. But what happens when this traditional setup is flipped on its head? When grandparents are forced out of their homes because they can't afford rent in the city or children have to leave school early because their parents don't earn enough money? "The Truth About My Family" explores how Bangladeshis are adapting to life in Dhaka City by telling stories about families that live there today. From having more than one job or skipping meals just so your kid can go to school, these families will show you that love really does make a house a home.
Families in the middle class are often struggling to make ends meet:
Lately, there seems to be a lot of talk about the rich and the poor. But what will happen to those who are in the middle? Families in this group often fight for the end. Life as a Bangladeshi middle class family can be tough. With the rising costs of living, it is hard to make ends meet with just one income.
They work hard, but they still find themselves on a pay-to-pay-check and with high costs for essentials like housing, healthcare and child care.
Do you ever find yourself thinking about how much time and energy we spend on work? It's not just a matter of whether or not we're happy with the work, it's also a question of what is happening in our personal lives. The truth is that many Bangladeshi families are stretched thin with both parents working to make ends meet.
I think there needs to be more support for these families who are trying to do everything they can but don't have enough time or money to enjoy themselves at night after they get off from work. I know that sounds weird, but it's very real.
There are over 16 million Bangladeshis who live in poverty-stricken conditions. While some may not have enough food or clean water, others lack even basic necessities like clothes and shelter. It's no surprise that many families rely on remittances from relatives working abroad to survive each month.
Challenges faced by the middle class in Bangladesh :
The middle class in Bangladesh is facing a lot of challenges. We all know the saying: "It takes money to make money." But in Bangladesh, it can take a lot of time and patience too. With rising prices and increasing inflation rates, every day holds new challenges for middle-class families here. The average income for the middle class is between $2 and $4 per day, which means that everyday needs are difficult to meet. For example, many families will need to spend on average about $5 per person each month just on clothing or shoes for children.
In order to survive in today's world, you have to be sexy or smart. For most people, this means a good education and a high paying job. But for the millions of people living in Bangladesh, life is much more complicated than that. They have to be both smart and sexy just to get by each day with their basic needs met. And they need inspiration from other middle class individuals who are overcoming obstacles every day as well as assistance from big companies who want them as customers too!
With all of these challenges that keep piling up on us like a game of Jingo where we are always one wrong move away from toppling over.
I'm not going to lie to you: life is hard for the average Bangladeshi family. We have an unstable government with corruption at every level; natural disasters ravage our homes and livelihoods; exploitative corporations take advantage of our low wages; and even worse, climate change looms on the horizon threatening everything we know about how we live today.
The rising costs of living, less job opportunities and the lack of social mobility are all putting pressure on them. Young people are also struggling to find jobs that match their qualifications. Yet despite these hurdles, they still have hope for the future because they realize how lucky they are to be able to get an education and work hard towards achieving their goals.
The middle class in Bangladesh is currently facing these challenges when it comes to education, the economy and employment. What are some of these challenges? - -There are not enough jobs for graduates. -The cost of living is too high for most families. -Only half of all children attend school past primary level, which makes it difficult to get a job in the future even if they graduate from secondary school with good grades because their lack of experience means they can't compete with those who have been working since childhood or those who studied abroad and received degrees from prestigious universities abroad . -The recent unequal distribution of wealth in Bangladesh has led to the rise of an increasing number of middle class families faced with poverty. The financial insecurity is causing many to risk their lives by migrating for better opportunities, which can often lead to exploitation and abuse. -Many people assume that the wealthy are all living comfortably while everyone else struggles, but this could not be farther from the truth. As it turns out, the rich are actual.
So what needs to happen so we can help our country progress?..
For many years, Bangladesh has been a developing nation with one of the lowest GDP growth rates in the world. With an inflation rate of over 9% and a population that is growing at more than 3% per year, it's no wonder why this country is struggling with poverty and poor economic development.
*One of the reasons for this is because their current currency, the Taka, can be subject to devaluation due to inflation. To combat this problem Bangladesh has been looking into introducing a new sound money system in order to stabilize their economy and help them achieve long-term growth.Â
What is the difference between a sound money system and fiat currency?
Sound Money Systems: What do they have that fiat currencies don’t?
Sound money systems are backed by something tangible, like gold or silver. They can be used as a store of value for when people need to hedge against inflation in the future.
Fiat currencies do not have this backing and can lose their value with time, which has led to many serious consequences such as hyperinflation.
Sound Money Systems offer stability through their intrinsic worth and history of being used around the world since ancient times.
Fiat currencies lack these qualities because they rely on government institutions that could fail at any moment, leading to total economic failure if there was no other way to get food or shelter.
Sound money systems do so much more than just serve as a medium of exchange – they also provide stability in times of political or economic turmoil.
*Secondly we need to invest in education and health care. These two things will make all of this other great work we've done as a nation worth it! We all need to be more intentional about our spending habits if we want to live a fulfilled life.
*Third, we need to provide enough employment so that the educated population does not sit idle .Not only this, we have to pay special attention to technical education .It is possible to increase the standard of living even if the educated population can become skilled in technical education without relying only on jobs.
But the truth is that if we don't work together as a global community and make some major changes in Bangladesh, there's no hope for any of us.
What are these major changes? That's up to you! We strive to create a better world for everyone by changing one person at a time. As long as people have the opportunity to learn about their environment and feel empowered by being able to contribute something meaningful, anything is possible with just the power of one voice. It's not easy being Bangladeshi but it can be done! Keep your chin up high and keep working towards your goal no matter what life throws at you!
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Article written by @sj0820
Interesting article. Pointing out this:
Sound money:
New coins are created by consuming (destroying) real resources to the cost equalling the price of the new coin.
BCH and some others are just like gold, except gold uses excavators and diesel, we use computers and electric power.
It means no country, company, association or individual is needed as a central point to control the coin emission. Anybody can mine, just jump in with your capital and work.
Everyone who has coins, have either acquired them on the market, or mined them for approximately the same cost. They were cheap in the beginning, but the risk was high, it was a free market starting shortly after the beginning in 2009, and the low price back then was right.