Lebanon’s economic crisis is decimating its middle class
The middle class in cash-strapped Lebanon is having a hard time making ends meet as salaries have been slashed and banks are imposing informal capital control, all compounded by the coronavirus-induced lockdown measures.
Marwan, a former banker living in Keserwan north of Beirut with his wife and two children, once believed that he and his wife’s combined income would be enough to guarantee a life for his family in Lebanon.
“We were living a normal life,” Marwan, who asked that only his first name be used, told Al-Monitor. “We had two jobs, we had stability. We considered that this stability supported our lives and supported our future. But now for the first time I feel that I'm mentally tired, my family is tired, and there is no future.”
