More Malaysians unable to save money each month, survey shows

A financial survey shows that 52% of Malaysians cannot survive more than three months if they lose their job, while 44% spend exactly or more than what they earn. – The Malaysian Insight file pic, October 13, 2021.

THE number of Malaysians who are unable to save money each month has increased by two percentage points to 21% this year from 19% last year, revealed the RinggitPlus Malaysian Financial Literacy Survey 2021.

RinggitPlus co-founder and director Hann Liew said the credit crunch situation is due to the current pandemic and economic situation.

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