Malaysia's Gen Y living beyond their means: poll

Kuala Lumpur

A SURVEY by the Asian Institute of Finance (AIF) has formed a picture of Malaysia's Gen Y as one that lives beyond its means and relies on the high cost of borrowing to achieve instant gratification.

The survey of more than 1,000 professionals aged between 20 and 33 has found that three quarters of them have at least one source of long-term debt - principally a car loan, education loan, or a mortgage.

M…