Publication: Income Disparity and Rising Cost of Living
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Date
2023
Journal Title
Journal ISSN
Volume Title
Publisher
Penerbit USIM
Abstract
Rising cost of living is happening not only in Malaysia but also occurs globally. The amount of money needed by households is insufficient to cover basic expenses like housing and food. Higher-income earners suffer from the shortage of their wealth due to higher living costs, let alone the family below poverty. The objective of the study was to examine factors that contribute to the mismatch between salary increments and the rising cost of living. This study used cross-sectional research in analyzing the data. To find the result of the research question, a survey has been carried out using a Likert scale questionnaire. Descriptive, ANOVA, and multiple regression data analysis were performed utilizing SPSS. The finding reveals that the Inflation rate, Housing Prices, and Income significantly contribute to the mismatch between salary increments and the rising cost of living. It is therefore recommended that future studies should explore the solutions according to these findings.
Description
E-Proceedings (Extended Abstract) Seminar Antarabangsa Islam dan Sains 2023 : “Peneraju Sains Islam di Persada Antarabangsa”/Editors : Nuradli Ridzwan Shah Bin Mohd Dali, Wan Muhammad Shaker Bin Wan Adnan, Syed Najihuddin Bin Syed Hassan
19 Disember 2023
Anjuran: Persatuan Kakitangan Akademik USIM (PKAUSIM) dengan kerjasama Fakulti Syariah dan Undang-undang USIM dan Institut Fatwa dan Halal (iFFAH)
Keywords
Inflation, Housing price, Income, Cost of Living
Citation
Mohd Dali, N. R.S, Wan Adnan , W.M.S , Syed Hassan, S.N (Eds.). (2023). In E-Proceeding (Extended Abstract) SAIS 2023 Seminar Antarabangsa Islam dan Sains 2023 (pp. 1–135). Penerbit USIM.