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Very Few Malaysians Can Afford To Retire. What Went Wrong? | Insight | Full Episode
An honorable member of the Coffee Shop Has Just Posted the Following:
@syed putra - Feeling fortunate in S'pore? Between 2020 and 2022, around USD$33 billion was withdrawn from Malaysia’s pension fund, the Employee Provident Fund (EPF), to help mitigate the impact of the COVID-19 pandemic. Now, about half of EPF contributors under the age of 55 have less than MYR10,000 in their accounts. And according to EPF officials, only 4 per cent of Malaysians can afford to retire. As soaring inflation and the weak ringgit drive up cost of... Read more Click here to view the whole thread at www.sammyboy.com. |
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