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This  report  was  prepared  by  the  researchers  of  the  Khazanah  Research  Institute  (KRI):
               Christopher Choong Weng Wai, Adam Manaf Mohamed Firouz and Hawati Abdul Hamid.

               It was authorised for publication by the Board of Trustees of KRI.


                ACKNOWLEDGEMENTS

               The team is grateful for the leadership and guidance provided by Tan Sri Nor Mohamed Yakcop,
               Chairman, KRI as well as Datuk Shahril Ridza Ridzuan and Datuk Hisham Hamdan, members of
               the  Board  of  Trustees  (BOT).  The  trust  and  advice  given  by  the  BOT  have  expanded  the
               intellectual space for us to pursue this research rigorously and impartially. We would also like to
               express our heartfelt appreciation to Dr Jomo Kwame Sundaram, Senior Research Advisor, for his
               constant source of wisdom and insights throughout the course of the research.

               The  report  would  not  have  taken  its  current  shape  without  the  intellectual  guidance  of  Dr
               Nungsari Ahmad Radhi, former Chairman, KRI, at the inception stage. Dr Nungsari and Dr Lee
               Hwok Aun, Senior Fellow, Institute of Southeast Asian Studies, have also provided constructive
               comments on the final draft. We would also like to acknowledge Professor Martin Ravallion and
               Dr  Dominique  van  de  Walle,  whose  feedback  and  interactive  sessions  with  us  have  been
               instructive  in  shaping  our  thinking  and  the  direction  of  the  report.  Special  thanks  go  to  the
               Department  of  Statistics  Malaysia,  particularly  Ms  Kon  Mee  Hwa  and  the  national  accounts
               division, for helping us to better understand the social accounting matrix.

               We appreciate the constant support and contributions from our colleagues, present and past.
               Nicholas Khaw, Siti Najyah Johar Salim and Hazilah Abdul Karim from the Chairman’s Office, KRI,
               for incessantly working behind the scenes to ensure everything goes smoothly. Gregory Ho Wai
               Son and Muhammad Nazhan Kamaruzuki for contributing box articles. Alyssa Farha Jasmin, for
               her noteworthy contributions while she was at KRI. The rest of The State of Households 2020
               team: Siti Aiysyah Tumin, Nur Thuraya Sazali, Nazihah Muhamad Noor, Jarud Romadan Khalidi
               and Puteri Marjan, for their camaraderie and team spirit. We are also indebted to Liew Yit Wey,
               Anne Sharmila Selvam, Cheong Ruoh Wen, Goh Ming Jun, Wan Amirah Wan Usamah and Amos
               Tong Huai En for their diligent and dedicated assistance during their internships at KRI.

               There are others, too many to mention, whose interactions with us have directly and indirectly
               benefited our thought processes in developing the report. Finally, our deepest inspiration lies
               with the people, whose resilience and endurance in these tough times have strengthened our
               resolve to find meaning in the data and to generate knowledge that, we hope, will translate into
               better lives and more equitable outcomes.























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