ya... looks like that... even the rural places aren't fully spared.

it might get worse if the white rice pricing issue isn't resolved soon.

above highlight a current and growing problem... can see more n more people getting stressed.

actual inflation for most things is much higher than reported.

reported low inflation hurts becos many employers pay increment with formula "inflation +1%"!

epf dividends been declining while RM declined even faster.

epf as a retirement/pension fund no longer guarantees a comfortable sunset.

tough for young and old, employed or retired.

i have read some reports that provide some broad data but does not fully explain it.

i haven't noticed any major complaint anywhere.

media reports highlighting "higher than last year" and "most members are satisfied" seems to have worked.

i doubt there'll be more details coming.

and, from the many comments here, i think there's an even split in 2 broad categories:

1. those who are dissatisfied, vows to withdraw to diversify to other avenues.

2. those who are satisfied, not interested in any new risk, high EPF loyalty.

at the end of the day, the impt thing is all of us have a choice - pick the one u like most!

online media complain about everything!

any MP or ADUN complained?

any reputed economist or financial expert criticized?

if u r not so young, spent it happily, have a great time, ok la.... money is meant to be spent, not to take to the grave!

kena scammed is the worst...



ya, UT sucks big time.

good only for first timers patronizing a fren seller.

UT shud not exist anymore with ETFs now in existence.

Consider time value of money.

23->60 is 37 yrs.

In 2061, 1 mil at gomen 2.5% inflation, that is 333,000 today's money.

At 6% inflation which I think is more real, it is 116,000.

So, how long will rm116,000 last u if u only hv that money today?

Yep, that's another way to look at it.

1987.... I wud think a fresh economics or bsc grad earns 1.2k then. if he retires at 60 with 500 or 600k today, I think he'll feel miserable.

Yes, inflation n income increment are very sensitive variables over long periods.

I say 6% inflation after checking on basic food. Houses, much higher. I mean over last 40-50 years in urban-suburban areas. And I dun believe it's going to come down.

This post has been edited by AVFAN: Mar 8 2024, 07:17 AM

That has to be true. Becos he's a qualified n skilled person. More likely he wud hv 2-3:times that as he wud have changed jobs, salary jumps.

Today, a casual worker earning 2k won't be the same. Won't be able to switch easily, get big increments. May even hv to be jobless intermittently. Becos gomen says inflation 2.5%, employers exploit that. On top of that, there r foreign workers ready to replace him.

bingo!

at 6% pa inflation (my estimate), RM8 chicken rice will be RM50 in 30 yrs time.

This post has been edited by AVFAN: Mar 8 2024, 09:02 AM

this shop is usually in malls, higher rental, etc.

the good news, for now, if u ever buy raw chicken, is price of chicken is good, <rm9 a kg.

rice, on the other hand is getting tricky... some stalls are charging rm3 for a plate of white rice.

u must have had a lot of spare parts la...


in that famous shop... cowan street, i think... a plate of beansprouts can be rm15...die or not?

that is understood.

EPF fund size is rm1,1 trillion.

maybank capitalization is only rm117bil.

i hope this point is now understood well by all.

those who graduated in the 70s and 80s got the best deal.

still OK in the 90s. after that, it's all poor.

at actual inflation rate using chicken rice, cars or houses, fresh grads today shud be paid at least 3 times higher, like rm8-10k pm.

in SG, fresh grads get SGD3-4K, which is reasonable.

the reasons for this shitty wage growth (and hence EPF contributions) are multiple, we all know.

MNCs gone, left with mid-low tech industries; low foreign workers salaries pulling down the whole chain; greedy employers exploiting gomen twisted inflation 2-3% year after year.

This post has been edited by AVFAN: Mar 8 2024, 01:55 PM

EPF: Syariah savings not part of Simpanan Konvensional
https://www.nst.com.my/news/nation/2024/03/...an-konvensional