Most Malaysians debt-ridden from uncontrolled spending, say researchers
The guidebook lists six categories and monthly expenditure estimates – for example, RM1,870 for a single person using public transportation, RM2,490 for a single person with a vehicle, and RM4,420 for a childless married couple. – The Malaysian Insight file pic, March 13, 2019.
RESEARCH by the Universiti Malaya Social Well-being Research Centre shows that the majority of the people of this country are burdened with debt due to uncontrolled spending. SWRC director Dr Norma Mansor said that the one-year study found that the majority of the people spend beyond their financial capabilities.
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