Turkish Families Struggle as Inflation and Policy Missteps Bite Turkey

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Many Turkish citizens are facing financial hardships in Turkey, exacerbated by six years of high inflation and stringent credit restrictions. As a result, both retirees and workers are struggling to maintain their standard of living, with some unable to afford basic expenses without assistance from family. The situation is reversing traditional financial roles within families, with younger generations now supporting their elders. The economic challenges have intensified debates about Turkey’s economic policies, particularly after local election losses and unpopular decisions surrounding interest rates and currency stability. Despite recent government efforts to increase pensions and control inflation, many Turks remain skeptical about their financial futures and the country’s direction.