Which household income group yoh belong to?

[plentyofpaper]

Seeing all high income personal postings here makes me wonder.l

View Poll

 

[pmmg]

@plentyofpaper Honestly 15k as T2 is a joke.

 

[seanmcc]

@pmmg I want to say that T2 should have more breakdown, but after hearing that you just need RM25k gross to enter the top 1% I need reconsider my opinion.

 

[plentyofpaper]

@pmmg ya ikr even 15K household (at least 2 income if both work) is not easy to retire early if didn't save a lot portion of that.

and that's already like top income group of Malaysia, elite member that Gov squeeze Tax from

 

[pmmg]

@plentyofpaper That’s never the top income. For categorisation sake only bro. The real rich, within the Top income are even scarier in their earning.

 

[resjudicata]

@pmmg how come lmao

 

[aian]

@pmmg It's just top 10%.

1 in 10 people will have household income >10%

Are there so many rich people?
Or T2 isn't that rich?

 

[kds61]

@plentyofpaper It's nice to know that I have been working for 5 years now, and I'm still a B40

 

[plentyofpaper]

@kds61 This counted as household income, if you have partner is both count together ma

but yeah from what we see today family of 2 or 3 earn 5k together (already lower M40) still struggle to save extra

 

[judenshabbot]

@kds61 Same. Im not even near the top. Smacked in the middle more like it.

 

[inbeywetrust]

@plentyofpaper Hah… are the brackets accurate? No way I fall into T20 lol.

Household means combined right?

 

[smoo555]

@inbeywetrust It should ne by state. If in KL, that not supposed to be t20

 

[brendanawitz]

@smoo555 Agreed. When it comes to this type of metrics I prefer to compare with KL/Klang Valley which is more relevant/useful for me, not whole Malaysia. Because KL cost of living is higher than other states

 

[plentyofpaper]

@inbeywetrust Ya family

 

[christheseeker]

@plentyofpaper M1 for me personally but household is T2.
We lived in a PPR with Rm500 rent but we recently moved.
We have 2 cars, bezza and X70.

My family does not believe in investing or property rentals so I am using my own income to do that.

 

[bassky]

@christheseeker my household is T2 too...higher than the benchmark by quite abit, we also drive proton only and can't afford anything higher for a c segment suv, yet so many people can afford luxury cars and you're telling me they're only 1%?

 

[polygon]

@bassky

can't afford anything higher

surely you can, right?

 

[cataline]

@christheseeker Ouch that is painful to hear, sounds like a timebomb.