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World - Europe

Middle class caught in Russia's financial straits

russians
Many Russians are finding they built their hopes for a better life on a rocky foundation  
September 15, 1998
Web posted at: 2:26 p.m. EDT (1826 GMT)

MOSCOW (CNN) -- The economic crisis in Russia over the last few weeks has done more than spur widespread layoffs and hyperinflation -- it is threatening to wipe out the nation's emerging middle class.

CNN's Gayle Young looks at the plight of professional workers whose good salaries and prosperous lifestyles can disappear in a day.


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CNN's Gayle Young reports from Moscow
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