Malaysians save for a rainy day, says survey
February 8, 2010 by: editor
Despite the improving global economic climate, Malaysians are continuing to save for a rainy day, says a survey from Mastercard.
It says that economic uncertainty had caused 85 per cent of Malaysian consumers to either maintain or increase their level of savings, in preparation for unforeseen emergency expenditures.
Those aged between 18-29 are most concerned about saving for a rainy day with some 90 percent saying they put money aside.
In addition 32 per cent of Malaysian consumers plan to save between one and ten per cent of their income over the next six months. They are saving for retirement (59 percent), investments (38 percent) and buying or upgrading property (29 percent).
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