“The monthly wage distribution from EPF shows that in 2013, one-third, or 2.1 million, active members earn less than RM1,000, slightly more than three-quarters (76.8%) earn less than RM3,000, and about 90% earn less than RM5,000 a month.
“Among ethnic groups, about 57% of non-Malay Bumiputera and 55% of Malays have no financial assets, with the figure for the Chinese and Indians at 45% and 44% respectively,” read the report which was released in Kuala Lumpur yesterday. - See
Citing figures from the Household Income Survey (HIS), the report also noted that nearly 90% and 86% of the rural and urban households, respectively, had no savings, while the majority of households at 88% had zero earnings from their savings.
http://www.themalaysianinsider.com/malaysi...h.0z2XXkgX.dpufMeans many house buyers are over stretched.
Those who hope cash rich buyers to rescue a depressed market will be utterly disappointed.
This post has been edited by icemanfx: Nov 26 2014, 10:25 AM