{"id":29095,"date":"2017-04-07T14:27:57","date_gmt":"2017-04-07T06:27:57","guid":{"rendered":"https:\/\/direct.imoney.my\/articles\/?p=29095"},"modified":"2017-04-07T14:33:04","modified_gmt":"2017-04-07T06:33:04","slug":"malaysians-have-no-savings","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/malaysians-have-no-savings","title":{"rendered":"94% Of Malaysians Can\u2019t Last 6 Months Without Earnings"},"content":{"rendered":"<p>Only 6% of Malaysians have savings to last them six months, revealed the Finance Ministry.<\/p>\n<p>Deputy Finance Minister Datuk Othman Aziz said most Malaysians did not save up enough for a rainy day and would face a bleak future if they lost their jobs.<\/p>\n<p>\u201cThis would mean they will be facing a bleak future six months after becoming unemployed,\u201d he said in Parliament on Thursday.<\/p>\n<p>Low financial management literacy and poor savings attitude were the top reasons cited by the minister as to why most Malaysians lacked sufficient savings.<\/p>\n<p>\u201cIt boils down to attitude as most are unable to differentiate between needs and wants.<\/p>\n<p>\u201cThey get wide-eyed and end up spending whatever money they have without thinking about the future,\u201d he said.<\/p>\n<p><a href=\"http:\/\/www.thestar.com.my\/news\/nation\/2017\/04\/06\/most-msians-dont-have-enough-for-a-rainy-day\/\" target=\"_blank\"><em>[Source]<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>When was the last time you saved?<\/p>\n","protected":false},"author":29,"featured_media":27952,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[216,29],"tags":[],"class_list":["post-29095","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-updates","category-savings-account"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin 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