Malaysians are borrowing too much, not saving enough

Khazanah Research Institute Managing Director Datuk Charon Mokhzani speak to the media during the presentation of the State of Household II in Kuala Lumpur, on Monday.. - MUHAMAD SHAHRIL ROSLI/The star

KUALA LUMPUR: There is a concern that Malaysians are borrowing too much and not saving enough, according to a report by Khazanah Research Institute.

While household debt growth has been moderating since 2010 (2015: 7.3% year-on-year), the ratio of household debt to gross domestic product remains high, at 89.1% in 2015 against 87.4% in 2014, according to Khazanah Research Institute’s fourth publication of “The State of Households II” released yesterday.