Local investors set new financial goals to fight inflation

Standard Chartered’s Wealth Expectancy Report 2022 finds that Malaysian investors cited inflation (40%), an uncertain global economy (28%) and the threat of a recession (23%) as their top concerns. — Reuters

KUALA LUMPUR: A survey has revealed that 80% of local investors have set new financial goals, namely, for retirement, keeping up with rising costs as well as holidays and major life experiences.

According to Standard Chartered’s Wealth Expectancy Report 2022, Malaysian investors cited inflation (40%), an uncertain global economy (28%) and the threat of a recession (23%) as their top concerns.