Households may bear the brunt of the next crisis

EARLIER this week, Khazanah Nasional Bhd unveiled a detailed report on the state of Malaysian households, especially on the level of debts.

It is a subject matter that has been red-flagged for discussion several times in the past one year alone. But what has made Khazanah’s findings rather interesting is the breakdown in the spending habits of households, and a possible theory on how these households have generally accumulated debts over the past few years.