A total of 5,272 youth below the age of 34 have been declared bankrupt from 2020 to this year, according to youth and sports minister Hannah Yeoh.
She said that of the total, 5,189 were aged 25 to 34, while 83 others were below 25.
“The trend of bankruptcy among the youth shows an increase, with 877 cases recorded in 2024, which is 150 cases more than the 727 cases recorded in the previous year.
“According to the insolvency department’s records, the main cause of bankruptcy cases in 2024 was personal loans,” she told the Dewan Negara today in reply to Roderick Wong.
The senator had…
