Many city folk report that incomes are not lagging behind the cost of living. – The Malaysian Insight file pic, May 25, 2019.
A TOTAL of 16.2% of respondents polled in a recent survey in Kuala Lumpur said they are worse off financially in the last 12 months, according to the UCSI Poll Research Centre’s consumer sentiment index. The index also showed that almost 100 of the 531 residents in Kuala Lumpur viewed the current economic situation as a hindrance to their financial growth.
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What is the objective of this report? The 16% has go no meaning, unless we compare with cities of similar size to see where we stand. Which big city will not have people with financial woes?
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