00:00A new study by Kazana Research Institute has revealed that income groups based on categories
00:07of bottom 20%, middle 50% and top 30% are a better reflection of economic realities.
00:15KRI said the long-standing categorization of B40, M40 and T20 no longer reflected the
00:23actual economic situation of the people.
00:27It said B20 refers to households focused on basic necessities while M50 represents economically
00:33unstable households, navigating trade-offs between essential and aspirational goods.
00:39Meanwhile, T30 refers to households that show spending patterns indicative of the middle
00:45class but are not necessarily wealthy according to global standards.
00:50Nevertheless, KRI said the M50 remains a vulnerable group and addressing the needs of this group
00:56is crucial for fostering social mobility and reducing inequality.
01:02Meanwhile it said the B20 group requires better social safety nets to alleviate poverty such
01:08as greater access to affordable housing, food and healthcare.
01:12Putrajaya is currently refining the definition and classification of the T15 income group
01:17for the provision of government aid and subsidies.
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