Is your pocket 41 percent deeper?


Aidila Razak            

COMMENT Whether 41 percent or 49 percent, the numbers in the Economic Transformation Programme 2012 annual report is essentially trying to tell us this - Malaysia will reach high income status by 2020.

That gives the impression that the average Malaysian will be bringing home about RM48,000 (or US$15,000) a year by that time.

But will it? Does the average Malaysian feel 41 percent - or even the more modest 24 percent in ringgit terms - richer today compared to 2009? Are their pockets deeper?

The simple answer is no...


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Taboola


Is your pocket 41 percent deeper?

Aidila Razak,

COMMENT Whether 41 percent or 49 percent, the numbers in the Economic Transformation Programme 2012 annual report is essentially trying to tell us this - Malaysia will reach high income status by 2020.

That gives the impression that the average Malaysian will be bringing home about RM48,000 (or US$15,000) a year by that time.

But will it? Does the average Malaysian feel 41 percent - or even the more modest 24 percent in ringgit terms - richer today compared to 2009? Are their pockets deeper?

The simple answer is no...


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