Are Our Youth Taking On Too Much Debt?
Associate Professor Dr Hassanudin Mohd Thas Thaker, Head of Research and Postgraduate Studies, UCSI University
03-Feb-23 08:30
Embed Podcast
You can share this podcast by copying this HTML to your clipboard and pasting into your blog or web page.
Close
Local university UCSI released rather alarming research recently which found that 73% of close to 1,100 Malaysians aged between 18 and 40 are in debt. The key driving factors for taking on more leverage were financial constraint (42%), inflation (22%) and luxurious lifestyle (21%). This would imply that three-quarters of Malaysian youths do not have sufficient capital for financial commitments. For insights, we speak to Associate Professor Dr. Hassanudin Mohd Thas Thaker, Head of Research and Postgraduate Studies UCSI University.
Image credit: Shutterstock
Produced by: Chong Tjen San
Presented by: Philip See, Chong Tjen San, Shazana Mokhtar
This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.
Categories: young finance, financial wellness
Tags: youth debt, savings, financial literacy,