Forty per cent of millennials spend beyond their means, says finance minister | Malay Mail

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Forty per cent of millennials spend beyond their means, says finance minister

Tuesday, 09 Mar 2021 07:18 PM MYT

“So think thoroughly about what is necessary and prioritise your purchases, whether it’s a new outfit or new phone, or, like what one of my nephews wants, a PS5, and you will find that every ringgit will go a long way. He said according to the Employees Provident Fund , 50 per cent of EPF members have less than RM200,000 in their accounts — lower than the average of RM240,000 that members should have in basic savings when they reach age 55.

“In that respect, I am very pleased to see many Malaysians taking up the challenge of starting their own business,” he added.

 

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People do that not because they want to but because they have to.

This tzafrul_aziz referring to those who bought RM40K bicycles or RM3K jogging shoes?

Ooohhh I wonder if it's because their £&!π¶ UNDERPAIIIIDDD

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