M’sians strain under rising costs and static incomes

PETALING JAYA: Malaysian households are experiencing slower income growth, with urban poverty rates worsening due to the effects of the Covid-19 pandemic, according to the Khazanah Research Institute (KRI).

Their report, Households and the Pandemic 2019-2022: The State of Households 2024, released yesterday, revealed that the percentage of households in absolute poverty rose to 6.2% in 2022, up 0.6% from 2019.