Yet even after deduct out the TNB and UNISHIT... still expenses more than 3.0k yo...

The installment for house is not expenses lah.

True. Kampung poor still got fruit/goat/vegetables in backyard. Urban poor no money left to die only

True, if it was SGD, you and I would be 3 times wealthier. This shows our hardwork alone is not enough, the government also plays a big part in determining the general fate of the citizens. Ah Beng in Singapore with our same job is making 3 times our income not because they worked 3 times harder than us, it's because they have a better gov.

His statement​ is right because some schools of economists assume that the people want to maintain thier current lifestyle even as their disposable income decrease.
Kek

Even when I have 20k in savings, raising another 1k suddenly is not easy

But that's just the reality. Do you downgrade your broadband when it's price is hike? Do you use less petrol when petrol price hike? Do you eat less hawker food when the hawker increase price? So aren't we all also maintaining our standard of lifestyle in the face of shrinking true income?

The article is somewhat true. A lot of ordinary malaysians dont really have savings. They do have some, but sometimes those funds are being used to top up daily expenditure that in the end when real emergency comes along they find it hard to raise money.

As Malaysians love imported goods, a low exchange rate really kill the buying power. Hope that some economic solution could be developed to help solve this problem.

When i was younger, i imagined that a lot of malaysia's economic impairment was the result of our automotive policy, when cars are expensive, people would work harder and some resort to dirty and ill tactics to gain money to buy those cool imported vehicles. Expensive cars also contributes to expensive real estates and stuff. Well just my opinion.

Kenot b lah! I don't believe this article...

Must be crazy to do business and use BMW when don't even have 1k as emergency fund.

I think most mistake that people do is use everything till the next pay day, if got balance then only put in saving. It should be receive the salary today, then put aside the money for saving already. Not after spend everything.

lifestyle need to menten ma ...starbucks twice a week is a must..must have nice ride with nice house ...money not important mang ..

Savings and budgeting should be a compulsory school subject.

Forget about sejarah, arts and other such nonsense.

If cannot afford to live today, who the xxxx cares about history.

See it this way. Every month, their pay only use on family n food. Maybe once in a blue moon got extra, so only that time they can spend a little for themselves.

In percentage maybe illustrate better: 75% cannot come up with 1k. Only 25% can. 25% are the keeping the economy afloat. That's why I hate it when some of k/ just reply MD, KFC etc etc masih penuh. And so many Honda on the road. So those 25% are the one's visiting McD, KFC, Honda etc. Imagine if no one can afford McD, KFC, Honda that means Maresia lingkup already lah...

House loan 1700 means ur house loan itself already 350k+, honestly if you don't earn min 5k,should not go for house in that price range. Flats can get within 100k, monthly installment 500 only. The key is to not push your budget to the limit.

From your petrol and tol, can say you're traveling quite far to work, should have gotten a place nearer but guess too late now.

Agreed on this.

you basically summed up every economy in the world.

no economy runs at the flat distribution, its always a gruop of people at the top earning more than almost everyone else

the problem is, most people think this group is a bunch of multimillionaires

but the reality is most of these people are already in /k/


the general professional salary earners of this society

This post has been edited by +3kk!: Apr 12 2017, 09:50 PM

But seriously the situation is pretty dire if 75% cannot afford to raise 1K in case of emergency. The situation in UK is no different:


Millions have less than £100 in savings, study finds

More than 16m people in the UK have savings of less than £100, a study by the Money Advice Service (MAS) has found.
In five areas of the country, more than half the adult population has savings below that level.
Those areas are Northern Ireland, the West Midlands, Yorkshire and Humber, North East England and Wales.
The MAS said the findings were worrying and presented a particular challenge for low earners.
"These figures show the millions put at risk by the saving gaps in the UK," said Nick Hill, money expert at the service.
"For some on low incomes, saving is a real challenge as they may simply lack the income needed to save at all."
The research was carried out for MAS by the consumer data company CACI which has a database of 48m UK adults.

More at:

http://www.bbc.co.uk/news/business-37504449

this is what they want us to do.

spend. don't save. you save - you lose (to inflation - according to them).

Not entirely wrong if you apply that on property. U don't buy now, the same amount of cash can't buy the same property in a few years time. The day of stagnant property price is over.