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Rafizi: Covid-19 pushed M40, T20 to lower income group

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It is estimated about 20 percent of M40 households have been pushed to the B40 group, while 12.8 percent of T20 households have moved down to the M40 group due to Covid-19.

This is according to a simulation study undertaken by the Statistics Department of Malaysia (DOSM) in 2020 to examine the impact of the pandemic on household income.

Economy Minister Rafizi Ramli revealed this in a written parliamentary reply dated March 16.

He was responding to Padang Serai MP Azman Nasrudin who had asked for data on households shifting to other income groups and what steps had the government taken to address the rising cost of living.
Category
TV Saluran - TV Channel
Tags
kinitv, malaysia, politics
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