Monday, January 28, 2013

Escalating cost of living and decreasing purchasing power


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Our GDP/capita has been increasing since 1978 and we are heading towards becoming a high income nation in 2020 (according to PEMANDU) BUT how much can we buy back in 1978 and how much can we buy NOW?!

Is the GDP/capita really reflected in the realities of our daily livelihood? Has Malaysia improved in totality or only reflected in the TOP 10%? Are things better and easier now compared to 40 years ago? If it is not, what went wrong? What can we do to correct things?

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