| Poverty remains a widespread concern in Malaysia, as traditional income-based measures often overlook the intricate aspects of deprivation. |
| Poverty remains a widespread concern in Malaysia, as traditional income-based measures often overlook the intricate aspects of deprivation. Asset ownership, including real estate, durable goods, and utility access, represents a comprehensive indicator of sustained economic stability and resilience. Households with tangible assets are better equipped to withstand financial shocks, obtain loans, and accumulate intergenerational wealth. Marked disparities in asset ownership endure between urban and rural areas, focused measures. The asset index was developed using principal component analysis (PCA), encompassing 406 respondents from Selangor. Logistic regression analysis of data eveals that age and education strongly influence asset-based poverty risk, with heads of households aged 35–44 and those with lesser educational qualifications facing heightened odds of poverty. The interaction between assets and social capital strengthens resilience, suggesting that there must be initiatives that address both the material and social aspects of poverty. These findings for developing lasting poverty alleviation strategies and fostering equitable economic development. |
