B20-M40-T20 classification outdated, says research agency

Free Malaysia Today

Khazanah Research Institute instead suggests that income groups be divided based on the categories of bottom 20%, middle 50%, and top 30%.    Read More:   https://www.freemalaysiatoday.com/category/nation/2024/12/31/b40-m40-t20-classification-outdated-says-research-agency/    Laporan Lanjut:   https://www.freemalaysiatoday.com/category/nation/2024/12/31/b40-m40-t20-classification-outdated-says-research-agency/    Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.      Subscribe to our channel - http://bit.ly/2Qo08ry    ------------------------------------------------------------------------------------------------------------------------------------------------------  Check us out at https://www.freemalaysiatoday.com  Follow FMT on Facebook: https://bit.ly/49JJoo5  Follow FMT on Dailymotion: https://bit.ly/2WGITHM  Follow FMT on X: https://bit.ly/48zARSW   Follow FMT on Instagram: https://bit.ly/48Cq76h  Follow FMT on TikTok : https://bit.ly/3uKuQFp  Follow FMT Berita on TikTok: https://bit.ly/48vpnQG   Follow FMT Telegram - https://bit.ly/42VyzMX  Follow FMT LinkedIn - https://bit.ly/42YytEb  Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj  Follow FMT on WhatsApp: https://bit.ly/49GMbxW   ------------------------------------------------------------------------------------------------------------------------------------------------------  Download FMT News App:  Google Play – http://bit.ly/2YSuV46  App Store – https://apple.co/2HNH7gZ  Huawei AppGallery - https://bit.ly/2D2OpNP    #FMTNews #IncomeGroup #Classification #KRI

Transcript

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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