580,000 M40 households fall into poverty

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Ismail Sabri Yaakob said the government would review the poverty line income threshold together with Household Income and Basic Amenities in 2022.PETALING JAYA: A total of 580,000 households from the M40 group have slipped into the B40 category due to the economic downturn caused by the Covid-19 pandemic, says Prime Minister Ismail Sabri Yaakob.Ismail said this comprised 20% of M40 households which previously had a monthly income of between RM4,850 and RM10,959.He also said that according to data provided by the department of statistics Malaysia (DOSM), the incidence of absolute poverty had increased to 8.4% in 2020 from 5.6% in 2019.“The government has conducted a socio-economic impact study in regards to the pandemic and movement control order. “Based on the Household Income and Poverty Incidence report by DOSM, as many as 20% or about 580,000 households from the M40 group of…