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Average household income at RM8,479 in 2022

admin by admin
July 30, 2023
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Average household income at RM8,479 in 2022
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PUTRAJAYA – The common family revenue in Malaysia elevated by 2.4 per cent in 2022 to RM8,479 in comparison with RM7,901 in 2019, based on the Family Revenue and Family Expenditure Survey 2022.

Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin mentioned the report, launched by the Division of Statistics Malaysia (DOSM), confirmed that the median family revenue had elevated reasonably by 2.5% per yr to RM6,338 in 2022 in comparison with RM5,873 in 2019.

“This revenue worth takes into consideration the typical family dimension of three.8 folks, with a median of 1.8 revenue earners,” he mentioned on the presentation of the survey right here right this moment, which was additionally attended by Financial Minister Rafizi Ramli.

Mohd Uzir mentioned the family revenue comprised paid employment, self-employment, revenue from funding and present transfers acquired.

He mentioned that the states which achieved median revenue above the nationwide degree of RM6,338 had been Kuala Lumpur (RM10,234); Putrajaya (RM10,056); Selangor (RM9,983); Labuan (RM6,904); Johor (RM6,879) and Penang (RM6,502).

4 states additionally recorded common family revenue above the nationwide degree of RM8,479, particularly Putrajaya (RM13,473); Kuala Lumpur (RM13,325), Selangor (RM12,233) and Johor (RM8,517), he mentioned.

“In Putrajaya, it’s extra civil servant-centric and it’s beginning to be resided by high-income personal sector staff, in order that contributed to it having the best common family revenue,” he mentioned.

Mohd Uzir mentioned that according to the federal government’s proposal on disposable revenue as the premise of the strategy to serving to the folks, DOSM has taken the initiative by analysing the survey findings from the attitude of disposable revenue.

He mentioned the typical month-to-month disposable family revenue elevated by 1.7 per cent to RM7,111 in 2022 in comparison with RM6,764 in 2019, whereas the median month-to-month disposable family revenue additionally elevated by 1.9 per cent to RM5,413 in 2022 in comparison with RM5,116 in 2019.

On the revenue distribution sample, the B40 revenue threshold of three.16 million households was RM5,249 in 2022; the M40 group recorded an revenue common between RM5,250 and RM11,819 whereas 1.58 million households are within the T20 class with revenue exceeding RM11,820.

Relating to the evaluation of the hardcore poor, Mohd Uzir mentioned the Poverty Revenue Line (PGK) rose from RM2,208 in 2019 to RM2,589 in 2022.

Commenting on the survey report, Mohd Uzir mentioned the typical family in Malaysia spent RM5,150 monthly in 2022.

“Along with the revenue acquired by households, a part of the expenditure was financed by non-income receipts similar to authorities help and particular withdrawals from the Workers Provident Fund (EPF),” he mentioned.

The family expenditure sample was nonetheless centered on 4 foremost objects, particularly housing, water, electrical energy, fuel and gas amounting to 23.2 per cent; non-alcoholic meals and beverage (16.3 per cent); restaurant and resort (16.1 per cent); and transportation (11.3 per cent), he mentioned.

Rafizi, when requested if the federal government will assessment the nationwide PGK worth in channelling help to focused teams, mentioned the federal government would have in mind the PGK worth introduced by the DOSM in arising with applicable types of help.

“We are able to think about a extra complete methodology in comparison with utilizing the B40, M40 and T20 strategy, certainly one of which relies on the revenue index that takes under consideration the general revenue of a family, bills and PGK knowledge,” he mentioned. – BERNAMA / pic TMR FILE





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