Majority of under 30s fall short of minimum EPF savings

PETALING JAYA: Over 90% of Employees Provident Fund (EPF) members under 30 lack adequate basic savings for retirement, according to the Khazanah Research Institute.

The institute’s Households and the Pandemic 2019-2022: The State of Households 2024 report, released yesterday, reveals that only those in the top income decile (D10) in the below 30 age group have the required amount needed for basic retirement.