KUALA LUMPUR: The COVID-19 pandemic has had a significant impact on household income and made more people poorer, according to a study conducted by the Department of Statistics.
The COVID-19 impact study on household income in Malaysia for 2020 revealed that the number of poor households increased to 639,800 in 2020, up from 405,400 in 2019.
The findings of the study are contained in the Household Income Estimates and Incidence of Poverty Report, Malaysia, 2020 which the department released today.
Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said in a statement that the incidence of absolute poverty also increased, from 5.6 per cent in 2019 to 8.4 per cent in 2020, and that the incidence of hardcore poverty is estimated to increase from 0.4 per cent (2019) involving 27,200 households to 1.0 per cent involving 78,000 households.
He said the pandemic had also affected the structure of household groups, with 20 per cent of households from the M40 group with income between RM4,850 and RM10,959 having moved to the B40 group.
"Households in the T20 group were also affected by the COVID-19 pandemic where 12.8 per cent of this group has shifted to the M40 group," he said.
He also said that as the percentage decrease in income for B40 and M40 households was larger than the T20 households group, the income distribution for B40 and M40 declined to 15.9 per cent (2019: 16.0 per cent) and 36.9 per cent (2019: 37.2 per cent), respectively.
"Meanwhile, the T20 group owned 47.2 per cent of income increased by 0.4 percentage points from 2019," he added.
Mohd Uzir said the mean of monthly household gross income decreased by negative 10.3 per cent to record RM7,089 as compared to RM7,901 in 2019 and added that the decline was contributed by households or individuals who experienced loss or reduction of income, particularly those with the status of employee, self-employed and others.
"Furthermore, this reduction of income was not only caused by job loss but also contributed by the reduction of working hours and increase in skill-related underemployment," he said.
Mohd Uzir said that all territories/states recorded a decline in mean and median of monthly household gross income. The Federal Territory of Putrajaya registered the lowest reduction in monthly household income and remained to record the highest mean and median of monthly household gross income as compared to other territories/states with RM12,322 and RM9,743, respectively.
"Meanwhile, Kelantan remained to record the lowest mean and median income with RM4,411 and RM3,010, respectively," he said.
He also said that the incidence of absolute poverty by state shows that Sabah recorded the highest percentage of 25.3 per cent (2019: 19.5 per cent) while Kelantan recorded a significant increase in poverty by 8.8 percentage points to 21.2 per cent from 12.4 per cent (2019), followed by Terengganu by 5.9 percentage points to 12 per cent from 6.1 per cent (2019).
Mohd Uzir said the impact of the COVID-19 pandemic may be temporary as the economy is expected to improve and recover as the spread of the pandemic can be contained.
"From this analysis, it is found that the role of the federal and state governments as well as other relevant parties is pertinent in cushioning the impact of the pandemic as well as towards reviving the household income and the country's economy," he said.
-- BERNAMA
Bernama
Fri Aug 06 2021
The number of poor households increased to 639,800 in 2020, up from 405,400 in 2019. REUTERS File/Photo
Hyundai to invest RM2.16 bil in Malaysia through strategic partnership with INOKOM
This investment includes efforts to upgrade INOKOM's existing assembly capacity to meet Hyundai's automotive needs.
‘C4Cinta’ sets record as highest-grossing Malaysian Tamil film
'C4Cinta', directed by young filmmaker Karthik Shamalan, has set a new benchmark in Malaysian Tamil cinema.
Man charged with mother's murder, storing body in freezer
The court denied bail and scheduled case mention on Feb 7 for the submission of forensic, autopsy, and chemist reports.
Abolition of examination in schools to reduce pressure on pupils - Fadhlina
The classroom assessment approach offers a much more interesting learning ecosystem, says Fadhlina Sidek.
Google, Meta urge Australia to delay bill on social media ban for children
Google and Meta says the government should wait for the results of an age-verification trial before going ahead.
Judge tosses Trump 2020 election case after prosecutors' request
It represents a big legal victory for Donald Trump, who won the Nov. 5 US election and is set to return to office on Jan. 20.
DHL plane crash in Lithuania leaves authorities searching for answers
Rescue services said the plane hit the ground, split into pieces and slid over 100 metres (110 yards).
National squad to hold friendly matches for 2025 Indoor Hockey World Cup
The warm-up matches will involve matches against better ranked teams in the world, namely Austria (first) and Belgium (third).
G7 seeks unity on ICC arrest warrant for Netanyahu
The United States, part of the G7, has rejected the ICC decision, with President Joe Biden describing it as outrageous.
Francissca Peter remembers Tan Sri Ahmad Nawab: A tribute to a musical legend
A legend who has influenced our music for decades, was one of the highlights of my career, says Francissca Peter.
TikTok decision coming soon as Jan. 19 divestment deadline looms
Judges are reviewing TikTok's challenge to a law requiring ByteDance to sell its US assets by Jan. 19 or face a ban.
Lebanese sources: Biden, Macron set to announce Israel-Hezbollah truce
In Washington, White House national security spokesperson John Kirby said, "We're close" but "nothing is done until everything is done".
PM meets chaebol tycoon to attract more FDI to Malaysia
Chaebols are prominent figures from South Korea's family-owned conglomerates.
Govt won't allow non-citizen vehicles to enjoy RON95 subsidy - Economy Ministry
The implementation of the RON95 subsidy in 2025 is expected to provide savings of RM3.6 billion to government expenditure.
Ringgit opens lower as greenback gains ground
Dr Mohd Afzanizam says the market responded positively to news of hedge fund manager Scott Bessent heading the US Treasury Department.
Management of low-cost housing, gov't quarters, focus at Dewan Rakyat today
Also among the highlights, UNICEF report on 12.3pct of teenagers in Klang Valley's PPR face mental health issues and suicidal tendencies.
UN Resolution 1701, cornerstone of any Israel-Hezbollah truce
Here are the resolution's main terms, and a note about subsequent violations and tensions.
Record aid worker deaths in 2024 in 'era of impunity', UN says
So far this year there have been 281 aid worker victims, according to the Aid Worker Security database.
Why India's toxic farm fire counting method is disputed
Here's how India counts farm fires - a major contributor to severe pollution in the north - and why its method is being questioned.
Divisions on curbing plastic waste persist as UN treaty talks begin
South Korea is hosting the fifth and ostensibly final UN Intergovernmental Negotiating Committee (INC-5) meeting this week.