main reason why people in Malaysia did not save money was because they wanted to focus on paying off their debts.
According to a survey on young Malaysians' money management conducted in May 2019, 70 percent of respondents stated that they saved their money. Another survey conducted in the same year revealed that the Share of millennials saving any money in Malaysia as of May 2019
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iMoney.my. (August 5, 2019). Share of millennials saving any money in Malaysia as of May 2019 [Graph]. In Statista. Retrieved March 29, 2024, from https://www.statista.com/statistics/1136573/malaysia-share-of-millennials-saving-money/
iMoney.my. "Share of millennials saving any money in Malaysia as of May 2019." Chart. August 5, 2019. Statista. Accessed March 29, 2024. https://www.statista.com/statistics/1136573/malaysia-share-of-millennials-saving-money/
iMoney.my. (2019). Share of millennials saving any money in Malaysia as of May 2019. Statista. Statista Inc.. Accessed: March 29, 2024. https://www.statista.com/statistics/1136573/malaysia-share-of-millennials-saving-money/
iMoney.my. "Share of Millennials Saving Any Money in Malaysia as of May 2019." Statista, Statista Inc., 5 Aug 2019, https://www.statista.com/statistics/1136573/malaysia-share-of-millennials-saving-money/
iMoney.my, Share of millennials saving any money in Malaysia as of May 2019 Statista, https://www.statista.com/statistics/1136573/malaysia-share-of-millennials-saving-money/ (last visited March 29, 2024)
Share of millennials saving any money in Malaysia as of May 2019 [Graph], iMoney.my, August 5, 2019. [Online]. Available: https://www.statista.com/statistics/1136573/malaysia-share-of-millennials-saving-money/