Financial challenges abound for Malaysians

RinggitPlus says Malaysians from all walks of life are now facing severe financial challenges that leave them vulnerable to financial shocks.

PETALING JAYA: Malaysians are in their “worst-ever financial position” as they face a looming global recession amid rising inflation, according to a survey.

Data from the RinggitPlus Malaysian Financial Literacy Survey (RMFLS) 2022 has revealed “various painful truths on the current financial state of the rakyat, including depleted savings, cashflow issues, and other worrying trends.”