A STAGGERING 53% of the RinggitPlus Malaysian Financial Literacy Survey 2022 respondents said their savings could only last up to three months, while according to the Insolvency Department, over 20% of bankruptcy cases between 2018 and 2022 involved Malaysians under the age of 34.
This worrying trend, according to Asia Pacific University of Technology & Innovation (APU), highlights the pressing need for better financial education among the youth.
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