would you have the link to the full report?

edit: its ok. found it in the other thread.... quoting below for ease of readers


This post has been edited by Wedchar2912: Feb 25 2023, 11:45 AM

having the income of close to 20K rm per month for a single person is well within T05. Could be T01 even, but we don't have stats more granular than the 5% population grouping.

T05 household income is only 20K rm.

It is... and it is what it is for Malaysia...

I believe why many of us forumers (in this thread at least) found the stats unbelievable is because we are living in Klang valley...
Unfortunately, we are not provided the same granularity for Klang Valley populations.... except that Selangor and KL median and mean household income is like double of the nations...

so without being accurate, I can say that being T20 in the nation will just feel like being T40 in KL area only (T40 as in the top 40, or middle of M40)

same ballpark numbers as provided by gov...

unfortunately, we are supposed to assume the numbers to be statistically correct and accurate. (like how economists take inflation numbers and gdp growth numbers to be "accurate" and "correct")

16K or 20K... doesn't matter anymore... we are just screwed...

easier to just remember that whatever national numbers we see in terms of income, for us who live and work(ed) in Klang Valley, a better estimate is just multiply by 2.

thanks for the extra pic... no wonder we all feel rich when we go to Kelantan...

day dreaming here....

maybe PMX realize yday's budget not so great and so now decided to give 6.8% div.

ai yoh... why suddenly so many complaints and fear mongering going on about inability to withdraw our funds from EPF upon reaching age 55 or 60 or 65 or 70...

right now the B40 with almost no money keep on banging here and there to withdraw whatever 10K they have inside and government is like panicking don't know what to do....

and we still think gov dares to try to stop rightful withdrawals when gov is almost hopeless in shutting up those with no rights to withdraw ?

its like the healthy chap being afraid doctor don't allow the chap to eat ice-cream when the diabetic 200 kg chap is allowed to eat ice-cream... hah

Don't worry about the 500rm sedekah to these accounts... (btw, gov also stupid one.... what will the 500rm do if one is already 54 years old and only has 9K rm is side? the chap is still in deep trouble regardless)
according to PMX, it is only around 1 billion ringgit. First off, it will come from Gov of Malaysia, not EPF.

But for the sceptics and conspiracy theorists, let me entertain you guys.
for 3Qs, EPF recorded almost 40 billion profit. 1/40 = 2.5% of whatever dividend that is supposed to be distributed to everyone in EPF. So if one assume will get 6%, the new number will reduce by 2.5% (of 6%) and that is 5.85%. so what???? those of us with more than 10K rm won't die with 15 bps lesser...

reserves....

and until money is withdrawn, nothing is given out... it is all just accounting numbers.

EPF does declare that it keeps reserves and literally explained the reserves are kept for rainy days...

just need to look up all the annual reports on how much they "under"-pay all of us for dividends most years.

for small % (like these 2% or 3% types), for ballpark sake, it is accurate enough.

but in reality, there are cross-terms to multiply out mathematically.

and yet people should realize that politicians are well within the T0.1 (as in 0.1 grouping). not even T01.

actually, the more one has, the more valuable the 1% is....

if I only have 10K rm in EPF, then I may as well just write off the whole amount when it comes to retirement planning... regardless of 1 or 3% extra.... that's only extra 300rm... yay... I can eat a few more buckets of KFC...

but if I have 4 million rm, the extra 2% means 80K rm.... can buy extra IPHONEs for my family....

ops... sorry, I misunderstood.

but hoh... when it comes salary, it is then about ego...

My pay is 41,333 rm per month...
but her pay is 41,555 rm... cannot... I am more senior, smarter, productive, etc...

sure got complain one... hehe

easy.... buy ipads and MacBook Pro too.... so easy to spend....

but don't you worry lar... those with more than 4 million rm... my guess is up to 2K individuals only, they know what to do with their extra funds.

I just use the number 4 for fun... cos 4 is the fav number of many people... 2% is just from earlier mention.... 8 is a good number for another many people rite?

Just read that PMX is not in country for 2 days. So, all of us can just go nap till Friday....

I am curious on why you would think "govt & EPF sure kena tembak gao gao by Opposition and make themselves trouble to explain"...
can share?

very easy to counter this nonsense argument...

I am sure the BN MPs, with their vast experience of politicking, can just state if the oppo knows how many Malays are there with their funds in EPF and should be spite these fellow muslims just because of dengki?
Whats the point of reserve if it is never to be used?

Don't everyone wants a high 8% dividend so that everyone has more money to withdraw when PMX finally cave in?

I am not a politician also can bulls**t. lol

ps: it is up to the politicians to education the B40 who is declaring bankrupcty... lagi don't take money out of Epf lar.... why let creditors take those money too????

why keep reserve? so that PAS can get a chance to raid it?

distribute out and then allow all of us to withdraw to pump prime the econ is way better a option, vs letting next gov buy silly things like cars for politicians.