Education is one of the key factors behind the growing income gap, said a report by Khazanah Research Institute.
According to the report, titled The State of Households 2018: Different Realities, heads of households that had higher education and skills earned three to four more times that those who didn't have formal education or skills.
However, it's not just a matter of access to education, said economics professor M Niaz Asadullah.
"Life chances still depend on where you were born," he said. "Better quality schools require high household income. This is a fundamental disparity that is being reflected in our income gap."
Watch the full video to find out more about the consequences of a growing income gap, and possible solutions.
Newsflash is a new video series by R.AGE that dissects and discusses current topics. Watch all episodes here. For more updates, follow Newsflash on Facebook.
Did you find this article insightful?
100% readers found this article insightful
