This article attempts to examine the pre-and-post migration poverty and non-poverty status of returned migrants in a village of Bangladesh and underlines the factors that shape those statuses. It finds that out of forty-two migrants who returned mostly from Malaysia, twenty-two were poor before their migration, ten were from the lower middle class and the remaining ten were from middle class background. A substantial number of twenty-two poor migrants have been able to increase their household resources and have moved out from poverty. Furthermore, the majority of lower middle class and middle class migrants have plused extra resources with their pre-migration household resources and thereby have led an improved livelihood compared to that in their pre-migration period. The study also finds that upon returning home, a portion of migrant households from all classes has experienced a decrease in resources and is now living in a ‘stressful economy’. In order to evaluate the impacts of migration and remittances on the poverty situation of returned migrants, and to find out the underlying factors behind this, the present study conducted a baseline survey on 371 households, collected personal narratives from all returned migrants and interviewed ten key informants through in-depth interview, as a qualitative data collection method. To analyze and interpret the information on subjective judgements of migrants on their pre-and-post migration periods ‘narrative analysis’ method is used throughout the article.