PETALING JAYA: Over 800,000 households could easily fall into poverty if they were to face any unexpected financial problems, said the Khazanah Resear...
: Over 800,000 households could easily fall into poverty if they were to face any unexpected financial problems, said the Khazanah Research Institute .
He said the government must have empathy for those who are suffering, especially now as Covid-19 is hurting everyone, especially the poor.Hawati pointed out that what was once considered a luxury or non-essential item, was no longer so. KRI also found that household consumption patterns have changed, with greater spending on items traditionally described as discretionary, such as communications and recreational and cultural activities.
“Over three decades , the improvement in household welfare has been linked very closely to economic development and transformation of the nation. KRI said these income gains increased household consumption spending, contributing to a better standard of living for the people.
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