Improve financial education

Slowing exports and tepid inflation have raised expectations that policy makers will need to consider adding to May

MORE and more Malaysian consumers are getting into serious financial problems due to poor financial knowledge, wrong attitudes and poor financial habits leading to irresponsible financial behaviour.

And yet, despite the overwhelming data, the government appears unwilling or unable to commit to a national strategic plan to address the issue. Current financial education efforts are fragmented, piecemeal, ad hoc and lack a clear strategic direction.