Posted by bsngpg > 2019-03-10 10:18 | Report Abuse

Assume 1 family has 5 members. 0.09%x5=0.45% family is millionaire.

Posted by bsngpg > 2019-03-10 10:23 | Report Abuse

I have a question. Is the asset in the above statistic free/disposable asset excluding house and car for self stay/use?
If the asset includes house and car for self use, you throw a stone in kl, you will hit a millionaire.

Posted by ongkkh > 2019-03-10 10:41 | Report Abuse

bsngpg....if you threw in your home town Penang also the same!

Posted by bsngpg > 2019-03-10 11:38 | Report Abuse

In fact, a lot of working family especially those in exempt category in their 45-55 year old have big saving in mil or close to mil in EPF. In addition to other saving in unit trust, share, real estate, number of millionaire family is far more than your can imagine.
The pertinent question to ask is what can you do with RM million ? In reality, it is not much. You can just live in a simple normal life style with RM million.

Posted by bsngpg > 2019-03-10 11:47 | Report Abuse

On the other day, I have a chance talking to Muslim friends working as managers, I was "awaken" that most of them have big saving thru ASB which gives high compounded return continuously and making millionaire Muslim family quietly. I extrapolate this info that those government servants in higher than middle ranking earn not less than their peers as mgr in private sector. Thus they are millionaire family too. A significant amount of Muslim family.

Posted by Lyo82 > 2019-03-10 15:58 | Report Abuse

Millionaire as in USD or RM? If we are talking about RM, I dont think it is 0.09% only..