Dr Suraya Ismail of the Khazanah Research Institute (KRI) recently made a thought-provoking observation that about 70% of Malaysian households do not appear to benefit meaningfully from the wealth generated by the nation.
The figure deserves careful qualification and should not be interpreted as saying that 70% of households are poor or receive no benefit whatsoever from economic growth. Nevertheless, the broader message is difficult to ignore: there can be a substantial gap between what the economic statistics say and what households actually feel.
This gap matters because economic management is not only about producing good numbers. It is also about communicating honestly what those numbers mean to ordinary people.
