Study finds Malaysia's income groups misclassified, with only top 30% truly middle class.
Khazanah Research Institute's study suggests Malaysia's current income group classifications (B40, M40, T20) are outdated. Only the Top 30% display middle-class spending patterns, while the Middle 50% are economically vulnerable, often choosing between essential and aspirational expenses. The study recommends redefining the classifications to better target policies and interventions for social mobility and reducing inequality.
3 months ago
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