more than 300,958 Malaysians were declared as bankrupt, where more than 60% were aged between 35 and 54
From 2013 until 2017, there was a total of 100,610 bankrupt Malaysians and only 14% had already been discharged
Almost 65k Malaysian youth declared bankrupt since 2013
“In 2015, a total of 11,277 were declared bankrupt, increasing slightly to 11,875 in 2016.
More and more Malaysian consumers are getting into serious financial problems due to poor financial knowledge, wrong attitudes and poor financial habits leading to irresponsible financial behaviour
Current financial education efforts are fragmented, piecemeal, ad hoc and lacking a clear strategic direction
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The financial Team