PETALING JAYA: While Malaysians have become more financially aware since the implementation of the National Strategy for Financial Literacy 2019 to 2023 (NS1.0) as rising living costs, uncertain incomes and rapid digitalisation pose new challenges.
The Financial Capability and Inclusion Demand Side (FCI) Survey by Bank Negara found that financial literacy has remained mostly unchanged since 2021, with the Malaysia Financial Literacy and Capability (MYFLIC) Index at 59.1 (2021: 59.0).
