Malaysia’s widening income gap between rich and poor


Launch of State of Households 2018: Different Realities. From left to right: Datuk Hisham Hamdan, Dr Nungsari Ahmad Radhi, Allen Ng, Dr Suraya Ismail, Junaidi Mansor.

KUALA LUMPUR: The gap in income between the rich, middle class and poor in Malaysia has widened since 2008, according to a study by Khazanah Research Institute (KRI).

In its “The State of Households 2018” report, the research outfit of sovereign wealth fund Khazanah Nasional Bhd noted that the gap in the real average income between the top-20% households (T20) and the middle-40% (M40) and bottom-40% (B40) households in Malaysia has almost doubled compared to two decades ago.

Start your ads-free experience now!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Securities Commission releases revised anti-money laundering guidelines
Ringgit ends lower versus US dollar
MAA expects targeted diesel subsidy to have insignificant impact on vehicle sales
Proton recognised for excellence at Asean NCAP Grand Prix Awards 2024
PPB Group is major shareholder of Techbond Group
BHIC bags RM1.1bil contract from MinDef
Bursa Malaysia dips as nearly 700 stocks fall
World Bank raises China's GDP growth forecast
US jobless claims rise to highest in 9 months, led by California
Oil prices set for best week in over 2 months on demand outlook

Others Also Read