KUALA LUMPUR, 8 Oct 2016:
Poor financial management resulted in 22,663 Malaysians under the age of 35 being declared bankrupt between 2011 and September 2015, according to the Malaysian Financial Planning Council (MFPC).
Deputy president Michael Kok Fook On said this group of people fail to manage their financial resources and do not understand the importance of proper financial planning.
Young Malaysians are not prepared to deal with financial debt and are irresponsible in managing their finances, he said at the 3rd MFPC National Financial Planning Tournament 2016 here today.
Bankruptcy at a young age can be harmful to youths and could affect their future and daily lives.
Stress, family pressure and social expectations can all tak…
Read the full article at: http://www.therakyatpost.com/business/2016/10/08/over-22000-youths-declared-bankrupt-in-past-20-months/
