How Are Malaysians Doing Financially Right Now?
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As part of the RinggitPlus Malaysian Financial Literacy Survey last year, we asked 8,100 Malaysians how good they were at managing their money. The results of the survey, which was held in partnership with Visa International, showed that while many Malaysians claimed to be in control of their finances, more than half admitted that they could not survive more than 3 months with their savings.

These findings are reminiscent of the survey results in 2018, when the Malaysian Financial Literacy Survey was first officially launched. In that year, it was found that as many as 2 out of 3 Malaysians did not have enough savings to last them for 3 months. In fact, 34% of Malaysians admitting to spending more than what they earn each month. As for the question of retirement savings, a worrying 47% of Malaysians aged 35 and above said that they had not started saving for retirement.

In 2020, the Covid-19 pandemic has brought about a whole new set of circumstances that make managing one’s finances more challenging than ever. With many individuals being saddled with reduced or even a complete loss of income this year, it is a crucial time for Malaysians to take stock of their financial situation and see how it can be improved.

That is why this year, the RinggitPlus Malaysian Financial Literacy Survey is back and bigger than ever. In collaboration with our main partner, the Employees Provident Fund (EPF), and in support of the Financial Education Network (FEN), Experian, and Nanyang Siang Pau, we want to know how you are doing financially. Your participation can help us better equip you with the right financial literacy initiatives during these unprecedented times.


Take part in our Malaysian Financial Literacy Survey 2020 and we will provide you with a copy of your credit report to thank you for your time. Getting a credit report can help you understand and improve your credit score, leading to more successful credit card and loan applications. So, take no more than three minutes to complete our survey and get a free personal credit report today.

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