Household income Malaysia. How much do T20, M40 and B40 actually earn per month?
There has been report saying that some M40 households have dropped to the B40 category in terms of income because of the Covid-19 pandemic. Thus, it’s B50 instead of B40.
Let’s hope this is temporary and more B50 will be in M40 instead of the other way round. How much do the top 10% households in Malaysia earn every month? According to the latest numbers from the Rancangan Malaysia 12, the top 10% households in Malaysia should be earning an income which is higher than RM15,040 per month.
The M40 households earn an income between RM4,850 to RM10,960. The B40 households earn a monthly income of RM2,208 to RM4,850. Truth is, if they are staying in the Klang Valley, this income is hardly enough to pay for the cost of living. So, hopefully more could be done to assist them alleviate some of their financial burdens.
Image below shows the household income for Malaysian households.