I an easily come out 100x that figure yet I have no iPhone, don't makan sushi....... Is this country really f#ck up that bad? I think the statistic a bit exaggerated.

Don't forget god car god phone

Unker can raise rm100k.

Your neighbor is the type of S holes that will keep borrowing money from others but will never pay back, not because they can't afford to pay back, it's they never have intention to pay back from the beginning.

I kinda disagree because i have seen a lot like this in real life. A few of my ex colleagues(male and female) who dress nicely, go travel to europe at least twice a year only have like less than 500 in their bank acc left monthly. Sometime still have to borrow other ppl's money to survive the rest of the month before salary is out. They also have plenty of personal loan to settle.

Their lifestyle and spending ie: buy branded stuff (lv & prada), queuing up for cheese tart etc etc.. giveppl the impression that they are so well of, beyond their actual capabilities.

While for me, i had to think twice before commiting any loan. And always aim to keep my monthly loan commitment within 10-15 % of my salary. And saving 50% of my salary. But honestly Instead of saving, better find way to earn more..

Actually for emergency, 1k mana cukup..

we are now living in a world looking for instant gratification because well, YOLO

Who's "all"

This is why /k financial guru advice use public transport, get used kancil or saga only.

You all baru gaji rm3k edi want buy godcar, civic tebu, vw golf. When asked to get above, tarik muka, think we jealous la, stingy scrooge la.

You all made up the 75%, while /k financial guru all rm20k, 25% of population.

Emergency? 3 out of 4 can borrow from bangla.

Nonsense stats, 1 out of 4 maybe la

Is this guy really an economist? To come up with such a stupid statement?

There are different types of expenditures, ranging from essential to discretional. If your income does not rise proportionately, you adjust your expenditures accordingly.

To say something like "income rise proportionately" is just sheer stupidity. Because it does not happen in real life.

If we have stupid economists with stupid statements, the country is doomed. Hopefully, there are not many idiots like Ali around.

Well, economists also study people behaviour. Sure, the right thing to do is to adjust your spending based on your income but that's not necessarily what most people do.

mohon drill 100k saving

Who's dumb enough to show private info on Internet?

Imagine house loan monthly (RM1700), Unifi (RM180), TNB (RM120), Water (f.o.c), Petrol (RM400), Toll (RM200), Food (RM500.00), car loan (RM600). Total: RM3700.00. Havent include personal insurance, car insurance, car maintenance, and much more. How many ppl in Malaysia actually able to earn so much to be able to cover all this expenses?

all live hand to mouth

2.xk sudah mau vios or city. That enuff said

Because most people push their budget to the limit. Unifi RM180 for instance is not a necessity, TNB RM120, use less aircond lah.

“My children give me money when I need it. But the next month, they themselves come back and borrow from me. So, in the end, it’s the same, I am not getting any extra money"

mind-blowing scheme