Pool of bankrupt Malaysians under 35 double that in 2005
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Kuala Lumpur
MALAYSIA aims to become a "high-income status" nation by 2020, but the number of its young people grappling with higher debts than they can handle is on the rise.
Members of Gen Y who borrow to buy homes, cars and other items have contributed to the country's heavy household-debt burden. Bad debts in Malaysia banks are still low, but there has been a notable rise in the number of people under age 35 who have been declared bankrupt.
Share with us your feedback on BT's products and services
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
