Boost for financial literacy

Thank you: Parmjit (centre) presenting a token of appreciation to Azaddin. Looking on are AKPK manager and club coordinator Dr Desmond Chong (far right) and the varsity’s club members.

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.