Very Few Malaysians Can Afford To Retire. What Went Wrong? | Insight | Full Episode

All Muslim country population is main problem

Najib's legacy was to borrow money to "make" money and that resulted in a scandal, namely 1MDB. Both the PMs-Who-Weren't-Meant-To-Be's real legacy left the majority of Malaysians with little to none left in their EPF accounts.

Does he use taxi meter?

One common cause is the large family which they have to feed

poor finance management. i knew a few people who are using their epf withdrawal to buy new cars, bikes whatnot. 😅

The main problem in Malaysia is our lack of financial literacy. During MCO our company was paying wages at usual time at usual rate. A big percentage of my colleagues decided to withdraw from EPF and use it to buy luxury goods. The general excuse is that its their money and they can do as they please with it. Its worrying as some of those categorised as B40 actually drank venti Starbucks daily. Most Malaysian suffered hardship due to poor financial planning and indulging in their wants. I try to educate my staff through my own actions. For example I bought coffee pods instead of buying overpriced lattes, I initiated weekly group lunch in pantry by cooking rice in office and bringing lauk to share. This is my effort educate people on how with minimal efforts you could always change your lifestyle and save more.

As a Malaysian, i can assure you that the people did not suffer much during covid, people withdraws retire funds from EPF to buy Iphones and other luxury items.😂😂😂
Our spending power increased during covid by so much that there were inflations everywhere due to shortage of goods and increased demands for it.

STOLEN BY " G0VERNMENT " W.E..F !!! RULES !!!

i mean, with the singapore politicians sayings, Most people dont want to retire. They would rather pick empty cans and cupboards.

312km over 6 days?

Just like in America....over 1 million homeless people living on the streets all over the US.

u have yourself to blame cause most of u dont save.

Should had printed more ringgit. Then use half of the printed ringgint to buy gold and store it in central bank and the rest to give out to citizens during covid period . Not sure if this is a better policy

We will never retire. We will work till we die. Its as simple as that. We are stuck in the matrix for good. We would definitely help the poor but if we help them, we will be even poorer.

its all bcos of idiots voting for the past corrupted gov....they afraid others take over...now they crying not enough money......they ask for it

You all looks at others but at own home, you so call Rich nation homeless everywhere,and even gives foods vouchers

Riba

UK its even worst lately...