FMT Interview: Lack of financial literacy worrying, say analysts

Times are bad, yet Malaysians are spending more.

As a matter of fact, we have become used to spending money that we have yet to earn, and for analysts such as Kimberly Law and Yugendran Sivakumaran, this is a worrying trend.

Education in personal financial management is crucial to help Malaysians learn to save based on how much they earn, Yugendran told FMT Business.

“Integrating financial literacy courses at school can instill the importance of savings from a young age,” he said.

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