[Manthink]

....also more Malaysians are struggling with less savings in hand, as 63% of respondents stated that they can survive for 3 months or less with only their savings ....


It was a bit better before COVID..


https://weirdkaya.com/70-of-msians-save-...n-5-years/

[sgh]

But they like to say they got lands sinkies don't have. They got lands that they like to see them rot but sinkies don't have can only swallow saliva. They die no need burn bury in those lands so got full corpse. And many other stuff they like to boast. Let me recollect later post.

[Manthink]

But they like to say they got lands sinkies don't have. They got lands that they like to see them rot but sinkies don't have can only swallow saliva. They die no need burn bury in those lands so got full corpse. And many other stuff they like to boast. Let me recollect later post.

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 ?

[sgh]

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 ?

Becuz those are Msian Chinese and like face a lot cannot lao kui even if got no monies.

[Sticw]

I have been eating into my savings for almost a decade... Can hardly save any money these days...

[Manthink]

Becuz those are Msian Chinese and like face a lot cannot lao kui even if got no monies.

I am ok giving face to those type of pple with their bloated ego. ..But I also know many humble Bolehlanders - So live & let live. The point is everyone knows years of data and realities don't lie that M'sians are struggling... and we can see that once crossing over the Causeway and moving beyond the glizz and glass of developed parts of Johor.

https://www.nst.com.my/news/nation/2022/...or-dilemma

[sgh]

I am ok giving face to those type of pple with their bloated ego. ..But I also know many humble Bolehlanders - So live & let live. The point is everyone knows years of data and realities don't lie that M'sians are struggling... and we can see that once crossing over the Causeway and moving beyond the glizz and glass of developed parts of Johor.

https://www.nst.com.my/news/nation/2022/...or-dilemma

Agree. Spouse parents house flood water again despite many years of effort to dig deeper drain but still once rain nonstop water come in. In Msia house built in top of hill fetch higher price and insurance for such disaster will weigh your location. Yes Msia Johor water flood again now water recede all is mud and soil need clean up.

[Manthink]

Agree. Spouse parents house flood water again despite many years of effort to dig deeper drain but still once rain nonstop water come in. In Msia house built in top of hill fetch higher price and insurance for such disaster will weigh your location. Yes Msia Johor water flood again now water recede all is mud and soil need clean up.

It is matter of time your in-law's M'sian property may become untenable as a safe and stable place...not in terms of value, but because of nature...

Now NE monsoon increasingly become stronger and unpredictable. Only a month ago already experienced wide spread flooding in Johor.

[sgh]

It is matter of time your in-law's M'sian property may become untenable as a safe and stable place...not in terms of value, but because of nature...

Now NE monsoon increasingly become stronger and unpredictable. Only a month ago already experienced wide spread flooding in Johor.

Already overhead on phone going to claim insurance and buy new house higher on the hill wanna borrow monies. But all along I told my spouse your side issues ownself settle especially the monies loaned is not 100-500 kind. And based on their earnings loan out dunno take how many years get back.

[Blasterlord2]

This 70% likely to be bumis, who are very used to receiving handouts. I think the Chinese Malaysians will fare much better.

[singlon]

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.

[debono]

This 70% likely to be bumis, who are very used to receiving handouts. I think the Chinese Malaysians will fare much better.

Yes, the 70% are likey bumis, who lived from hand to mouth.....

[singlon]

https://youtu.be/c_T961UzYi4?list=PL1yqR...GN6us8OvRZ

[singlon]

https://youtu.be/_W5D32mL6mA?list=PL1yqR...GN6us8OvRZ

[Manthink]

This 70% likely to be bumis, who are very used to receiving handouts. I think the Chinese Malaysians will fare much better.

Yes, the 70% are likey bumis, who lived from hand to mouth.....

...which means the remaining 30% are non-Bumis Bolehlanders who can save > S$150 per month loh ?

[singlon]

those mostly r out of the country operation wise.
left behind beri jialat
during the asian crisis we observed a phenomena for ex in Indonesia
when the need arised for ex. the chinese overseas said: Just give us sometime

[Manthink]

Becuz those are Msian Chinese and like face a lot cannot lao kui even if got no monies.

hmmm...u might be correct. From what we see lately. sad that today's M'sians are not only are financially struggling. but also educationally CMI...

https://www.straitstimes.com/asia/se-asi...story-exam

[debono]

hmmm...u might be correct. From what we see lately. sad that today's M'sians are not only are financially struggling. but also educationally CMI...

https://www.straitstimes.com/asia/se-asi...story-exam

Their education system leaves much to be desired..................

[Manthink]

After decades of NEP....where is the result ?

....Poverty rate for Bumi was 7.2%, followed by the Indians (4.8%) and the Chinese (1.4%).
"Absolute poverty is measured through the poverty line income -  hardcore poor referred to those with PGKs of less than RM1,169 (S$353) while those in absolute poverty had an income of less than RM2,208. (S$667)


https://www.malaysianow.com/news/2023/03...ays-rafizi

[Tee tiong huat]

After decades of NEP....where is the result ?

....Poverty rate for Bumi was 7.2%, followed by the Indians (4.8%) and the Chinese (1.4%).
"Absolute poverty is measured through the poverty line income -  hardcore poor referred to those with PGKs of less than RM1,169 (S$353) while those in absolute poverty had an income of less than RM2,208. (S$667)


https://www.malaysianow.com/news/2023/03...ays-rafizi

Malaysia Boleh. 

[Tee tiong huat]

Their education system leaves much to be desired..................

Malaysia Boleh. 

[Alice Alicia]

Only the Chinese there are saving.
The word saving doesn't exist in the koran.

[debono]

Only the Chinese there are saving.
The word saving doesn't exist in the koran.

Are you sure about this, do you read the Koran.................?

[Alice Alicia]

Very sure.
Because the koran is not written in English.

[watchfirst9]

150 sgd not bad liao. got X3 right?
Some Sporeans need month end to pay minimum credit.

[Manthink]

Are you sure about this, do you read the Koran.................?

I know the rich Saudis read the Koran and have $ left to pay for white elephant projects and skyscrapers..

Bolehland's KL also has big projects and tall buildings....So what happend ? 

[Manthink]

150 sgd not bad liao. got X3 right?
Some Sporeans need month end to pay minimum credit.

Are you saying 70% SG or 70% M'sians hv < S$150 savings per mth ?

[sgbuffett]

Most Singapore household savings is net zero because of housing debt.

You have to minus off the debt when you look at savings

A person owe bank $2M and put aside 2K every month in his savings...

Vs person has zero debt and save $200 a month.

When they lose their jobs who is in trouble?

[Manthink]

Most Singapore household savings is net zero because of housing debt.
You have to minus off the debt when you look at savings
A person owe bank $2M and put aside 2K every month in his savings...
Vs person has zero debt and save $200 a month.
When they lose their jobs who is in trouble?

Are you confusing good debt with bad ones ?

The M'sian survey show even with affordable properties and relatively low living cost, 70% of its pop still struggle to save > S$150 saving per month.

[sgbuffett]

Are you confusing good debt with bad ones ?

The M'sian survey show even with affordable properties and relatively low living cost, 70% of its pop still struggle to save > S$150 saving per month.

Debt is just debt . Housing debt can turn bad and did so during US financial crisis and Japan 1990s ...

My thoughts are rather deeper than such superficial numbers that paint one dimension.

No doubt Singaporeans are richer and have more savings given our per capita GDP is 4 times higher than average in Malaysia and 2 times higher than KL.

Except for cars and property almost everything else in Malaysia is not  lower than half ghe price in Sjngapore.

The incurrance of debt for necessities like housing and sometimes car if the family has elderly or disabled means there js no straightforward way to compare as it's not apples to apples.

At the end we should solve our own problems instead of trying to feel better comparing ourselves with Malaysia which is a developing country. 

Retirement adequacy in Singapore is low despite high compulsory savings into CPF.