A Country Is Fractured When The Majority Of Its People “Feels” The Threat But, Do “Understand” The Grammar Of Poverty!
A Country Is Fractured When The Majority Of Its People “Feels” The Threat But, Do “Understand” The Grammar Of Poverty!
By Matthias Chang – Future Fast-Forward
A Cautionary Tale – A Generalised Composite Profile
The Hard-Core Urban Poor – Your Grandfather’s and Father’s Generation
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The head of a family, years ago was on an hourly-rate (RM10 per hour), then at a day-rate, then received a monthly wage. Struggling! Single income.
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Then the mother is forced to go to work on a part-time basis / odd jobs, followed by a full- time employment (if any). Head barely above water. Two sources of income (hopefully).
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Consumer debts piled up just to maintain the hire-purchase of a motorcycle. The rental for a home. Eventually the burden of a low – cost housing loan. 20 years or more of debt service.
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Two-thirds of the joint-income is to repay the debts.
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The scourge of inflation. Cost more to buy less!
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Debt slavery for a life-time
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A nation of debt serfs.
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The delusion of prosperity.
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