As Malaysia braces to face a new wave of economic challenges brought along by the Covid-19 pandemic, a study into the state of Malaysian households over the last three decades has revealed positive development.

The study by Khazanah Research Institute (KRI) examined three periods across the last three decades starting from 1989 to 2019, each marked by a major economic crisis that impacted the welfare of Malaysian households.

"While the narrative of progress for Malaysian households over the three decades is generally...