Every three in four Malaysians finds it hard to set aside RM1,000 for emergencies, says MCA Youth chief Nicole Wong (pic).
Most of them are from urban areas with a monthly household income of between RM3,860 and RM8,319, she said, citing recent findings.
“They are classified under the M40 or middle-income group. A friend who is a qualified engineer admits that even setting aside RM200 for emergency is tough,” Wong posted on Facebook, a day after the government announced its latest petrol subsidy scheme.
While she welcomed Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution Ismail’s announcement on Monday (Oct 7) to help the B40, Wong lamented that the M40 were left out as usual.
Under the latest petrol subsidy scheme, those who qualify for the government’s Bantuan Sara Hidup will get RM30 (cars) and RM12 (motorcycles) a month from next year.