This post has been edited by everest: Jul 8 2020, 12:28 AM

Marehsia already poverty country la.. even politician layak take bantuan sara hidup.. TOPKEK

True...

shopping mall full leh

long time /k no say

kfc masih penuh, beban di mana

Percentage of T20 especially M40 shrinks, while percentage B40 expands.. slowly.

poverty worsen because malaysia pay millions to UN as donation to get included in honour roll.

poverty worse because malaysia spend millions send useless politician go talk kok in UN.

poverty worsen because marehsia pay millions to UN recommended foreign consultants from EY, Mckinsey come advise government ministries.

one greatest maraysia politician even caused malaysians working in palm oil industry to lose millions because he want to show his powah to Yindhia pipul by scolding them at UN.

UN helped who? developing country? Answer: no.

You know who really help developing country. It is technology pipul and manufacturer. UN is useless. Take the same money you waste on UN and instead build schools and hospital, and Marehsia will become great again.

lip service

pehhh

This post has been edited by mousqy: Jul 8 2020, 12:51 AM

he talks like reading articles

Credit card kan ade yolo.

Installment credit card kan ade. Enjoy yolo

delete

This post has been edited by TheMoneyKing: Jul 8 2020, 02:31 AM

Many ppl buying Rolexes and gold. Mana got poverty? Car registration also increase.

You reap what you sow. Adding on to your post, not directed at you.

That's why murica got it right.
Let the poor die from covid then can reduce poverty rate.

Oh wa..i

Nope, not according to our very own politicians.

Nah.. no worries. I support free speech especially in forums. If can't even take a few words, I probably shouldn't be here too.

mid valley or one utama.??

Still full car park at july 2020?

Infographic by Department of Statistics Malaysia

Keep in mind that the income group definitions are not fixed.


The names, B40, M40, and T20, represent percentages of the country’s population of



Bottom 40%, Middle 40%, and Top 20% respectively.



Articles Budgets & TaxThe T20, M40 And B40 Income Classifications in Malaysia



The T20, M40 And B40 Income Classifications



Malaysians are categorised into three different income groups:



Top 20% (T20), Middle 40% (M40), and Bottom 40% (B40).



This is based on the Department of Statistics’ (DOSM) Household Income and Basic Amenities (HIS/BA) survey of 2016. HIS/BA is conducted twice every five years and DOSM is currently conducting the 2019 survey nationwide.


Over the years, the bar for each group’s income level has increased and this is one of the indicators of economic growth.


The concepts and terms used here are summarised as:
HOUSEHOLD: A person or a group of people (related or unrelated) who usually live together in a living quarters and make provisions (expenses) for food and other necessities of life together. In 2016, the average size of Malaysian households was 4.1 persons.



INCOME RECIPIENT: Household members who receive income in the reference period of the survey, and with at least one income recipient. In 2016, average income recipients in Malaysia was 1.8 persons.



HOUSEHOLD INCOME: Overall income that is earned by household members, whether in cash or kind, and can be referred to as gross income. In 2016, median and mean monthly income in Malaysian was RM5,228 and RM6,958 respectively.



MEDIAN HOUSEHOLD INCOME: is the “middle” income number within a range of household incomes, arranged from low to high. For example, in Taman Bintang, there are five household incomes of RM5,000, RM10,000, RM15,000, RM20,000, and RM25,000;


the median household income will be RM15,000. The median is used because it represents a more accurate representation of the area than a mean number (the average).



MEAN HOUSEHOLD INCOME: is the “average” income number where all household incomes are added up and divided by the number of households.



So how do we get classified into the B40, M40, and T20 income groups?


Median Monthly Income By Household Group
Household Group Median Income 2016 (RM) Median Income 2014 (RM) CAGR (%)
T20 13,148 11,610 6.2
M40 6,275 5,465 6.9
B40 3,000 2,629 6.6



The compound annual growth rate (CAGR) is a useful measure of growth over multiple time periods.





The values may increase or decrease year-to-year, depending on the country’s GDP, which is why the median household income is used as the determinant instead.

Though the income levels for each group has improved over the past three years, we should not ignore the escalating costs of living resulting from inflation and slower wage growth. To be exact, if we include inflation into the picture (3.15%, 2.1%, 2.09%, and 4.1% respectively in 2014, 2015, 2016, and first half of 2017), the ringgit’s value is diminishing.



It was also reported that the average monthly income of employees, based on the 2016 Salaries and Wages Survey Report by the Department of Statistics, increased 6.5% to RM2,463. In 2015, it rose 5.4% to RM2,312.


Despite so, this optimistic income growth seems to be only applicable to those who are working in the Kuala Lumpur or at least nearby whereas other states are still struggling to stay on track to achieve similar income levels.

This post has been edited by plouffle0789: Jul 8 2020, 02:23 AM

Surprisingly they disable the comment section.
Many are disagree with them. Haha