Nearly nine in 10 Malaysians are concerned about the cost of living
The survey, conducted among 1,031 respondents – 59% of whom were working adults and 23% of whom were students – found that 89% were "very concerned" about the cost of living, in line with the increase in inflation rate from 2.5% in 2021 to 3.3% in 2022. The majority (60%) said they were the most concerned about groceries and food prices.
19 May 2023 - Malaysia's EPF has revealed that from the 8.1 million contributors who'd made withdrawals through the fund's four recent withdrawal schemes, about 3.1 million have since struggled to re establish their savings.
(04-03-2023, 09:45 PM)singlon Wrote: let face it
500 is alot of saving to do
if u keep it up and do the compoundings
it comes to a nice pile.
of cos u need to move to understand how the world works.
(04-03-2023, 09:45 PM)singlon Wrote: let face it
500 is alot of saving to do
if u keep it up and do the compoundings
it comes to a nice pile.
of cos u need to move to understand how the world works.
(20-05-2023, 09:40 AM)Alice Alicia Wrote: That's why the Philippines have overtaken Malaysia in GDP terms.
Their Problem is similar to M'sian ringgit is based on USD just like Jap-Yen and SKorean won...
All kenna hammered by US upping their interest rate like no tomorrow to fight inflation since Biden became POTUS.
The only difference is Pinoy, Jap and Korean has "overtaken" Bolehlanders in GDP is because theses 3 are prepared to SELL BACKSIDES as part of the economy "support" from their American master..e.g. Allowing more US military "investments" in their territories.
NST (Dec 2022) ....20% of households from the middile-income M'sian have fallen into poverty due to the Covid-19 pandemic fallout. The middle-income earners or the "new poor" are said to be hanging on by a thread and others even falling off into poverty.
The middle class earners, categorised as the bedrock of economic growth, are now battling financial woes and debts as the cost of living, especially in urban areas, continues to rise
(04-03-2023, 05:27 PM)Manthink Wrote: I know - the same argument has been around for ages that SG is so tiny that we need their Water, Sand, Eggs, Chicken, vege and cheap labours....Yet, with all those natural advantages, why are Bolehland with their landed estates living on < S$150 per month of savings ?
What's the point talking about dead burials when the livings continue to struggle ?
Maybe $150 saving is enough for Malaysian to retire for good
..
Since they have plenty free land, build own house and plantation to eat for survival.
Can la...
(This post was last modified: 30-11-2023, 09:49 AM by moonrab.)
(30-11-2023, 09:13 AM)moonrab Wrote: Maybe $150 saving is enough for Malaysian to retire for good
Since they have plenty free land, build own house and plantation to eat for survival.
Can la...
$150 enough ? Sure can one....I read that some M'sian can get by with just $15 in savings...
And they own 999-years tax-free properties build long before our HDB or Condo in SG...
July 2022 - After EPF withdrawals, time to safeguard retirement for Malaysians
As only 3% of its members can afford to retire according to EPF, there is a great deal of uncertainty affecting the long-run financial security of Malaysians in retirement.
During the Pandemic, M'sia has seen 4 rounds of withdrawals. And during each round, experts – as well as the EPF itself – warned that the measure could accelerate a retirement crisis in Malaysia. The country's the Ministry of Finance (MoF) reported that > half (58%) of EPF members under the age of 55 years old withdrew their money. It also revealed that 70% of EPF members aged 55 and below do not have sufficient funds to retire above the poverty level.
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