Do you know how to manage your money?
Financial literacy is vital to healthy societies and strong economies. In Malaysia, there are strong concerns due to the country’s high household debt levels and number of bankruptcy cases, particularly amongst the young. Bad financial management and escalating high cost of living are identified as the two key reasons for the problem.
Based on the Visa Consumer Payment Attitudes Study 2016, our findings showed that six out of 10 Malaysians do not have adequate level of proficiency in financial education and only 4% rate themselves as being very financial literate.
This story is from the September 2017 edition of Business Today Malaysia.
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This story is from the September 2017 edition of Business Today Malaysia.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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