In Malaysia, the terms "poor" and "middle-class" are frequently used, yet their definitions can be ambiguous. A recent report by the Khazanah Research Institute (KRI) delves into these classifications, shedding light on the economic realities of Malaysian households.
KRI identified significant deviations from the existing Bottom 40 (B40), Middle 40 (M40), and Top 20 (T20) classifications, thus offering a new perspective on economic stratification.
Why does it said so?