M40 group shifts spending priorities to adapt to pandemic

Some in the M40 group say they haven’t saved much from staying at home during the pandemic, as money for transportation is now allocated to groceries, utility bills and household items. – The Malaysian Insight file pic, June 21, 2021.

THE prolonged lockdown and financial concerns have turned Malaysian consumers into cautious spenders during the Covid-19 pandemic, a consumer body said.

Malaysian Digital Economy Consumer Association secretary-general Mohd Shani Abdullah said these spending habits are dampening the country’s economy.

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