Lower income households vulnerable to economic shocks

KUALA LUMPUR: Low income households in Malaysia remains vulnerable to economic shocks and emergencies due to low savings, a study by Khazanah Research Institute (KRI) found.

According to the non-profit research outfit of Khazanah Nasional Bhd, lower income households spent nearly 95% of their incomes on everyday expenditure, particularly on necessities, leaving them vulnerable with little savings against economic shocks or emergencies.