Can Malaysia Avert A Generational Retirement Crisis?
Shazrul Ariff Suhaimi, Research Associate, Khazanah Research Institute
30-Sep-24 08:45
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The latest State of the Household 2024 report from the Khazanah Research Institute revealed that 90% of EPF members under the age of 30 are not projected to meet the RM240,000 savings target by retirement age, with income and expenditure trends exacerbated by the Covid-19 pandemic. What are the factors that need to be addressed to avert a generational retirement crisis? We discuss findings from the report as well as policies to consider with Shazrul Ariff Suhaimi of Khazanah Research Institute.
Image Credit: shutterstock.com
Produced by: Grace Tan, Adani Binti Mohamad Zaidi
Presented by: Shazana Mokhtar, Keith Kam
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Categories: property, financial wellness
Tags: retirement savings, household income, employees provident fund,