Are Our Youth Taking On Too Much Debt?

Associate Professor Dr Hassanudin Mohd Thas Thaker, Head of Research and Postgraduate Studies, UCSI University

03-Feb-23 08:30

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Local university UCSI released rather alarming research recently which found that 73% of close to 1,100 Malaysians aged between 18 and 40 are in debt. The key driving factors for taking on more leverage were financial constraint (42%), inflation (22%) and luxurious lifestyle (21%). This would imply that three-quarters of Malaysian youths do not have sufficient capital for financial commitments. For insights, we speak to Associate Professor Dr. Hassanudin Mohd Thas Thaker, Head of Research and Postgraduate Studies UCSI University.

Image credit: Shutterstock

Produced by: Chong Tjen San

Presented by: Philip See, Chong Tjen San, Shazana Mokhtar

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Categories: young finance, financial wellness

Tags: youth debt, savings, financial literacy,

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