More Than Half of Malaysians Fear Insufficient Retirement Savings, SC Warns

Quick Summary:

More than half of Malaysians believe their savings are insufficient for retirement, with only 16% confident their funds will last over 20 years after retiring, according to a recent study by the Securities Commission Malaysia (SC).

Alarmingly, 18% of respondents said their savings would only sustain them for five years or less.These findings were [...]

The post More Than Half of Malaysians Fear Insufficient Retirement Savings, SC Warns appeared first on Fintech News Malaysia.

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Article Details

Category: StartupsBusinessTechnology

Markets: Malaysia

Topics: Various Securities Commission Malaysia

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-14 @ 09:23:58 (2 days ago)

News Timezone: GMT +8:00

News Source URL: fintechnews.my

Language: English

Article Length: 278 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fintech News Malaysia

News ID: 23086069

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About Fintech News Malaysia

Main Topics: StartupsBusinessTechnology

Official Website: fintechnews.my

Year Established: 2017

Headquarters: Malaysia

News Last Updated: 3 days ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #74

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