Bankruptcy Among Youth In Malaysia

Malaysia which aims to become a high income status nation by 2020 is seeing an increase in the number of young people grappling with higher debts than they can handle.

Bankruptcy among youth in malaysia. O box 187 08400 merbok kedah. Written by farhan gazi. A total of 64 632 malaysians were declared bankrupt in the last five years with individuals aged between 18 and 44. About 240 000 people declared bankruptcy quarterly in 2013 one percent of them aged below 25.

To the extent that financial difficulties of young people reduce personal. Thus the issue of bankruptcy is not to be underestimated by everyone especially young people in malaysia. The aim of this study is to determine factors affecting youth bankruptcy in malaysia. Malaysia 3 faculty of information management universiti teknologi mara p.

Here we are again with more alarming statistics on bankruptcy in this country. Thus this study is to determine the bankruptcy among young user in malaysia. Minister in the prime minister s department liew vui keong informed parliament of the statistics in a written reply. The government views bankruptcy among youth as a serious problem not only for the individual but also regarding the loss to the country.

Bad debts at malaysia banks are still low but there s been a notable increase in the number of people under age 35 who have declared bankruptcy. Poor financial planning has led to some 64 632 malaysians between the ages of 18 and 44 declaring bankruptcy since 2013. In addition it will expand the current knowledge and increase awareness of bankruptcy among youth. O box 187 08400 merbok kedah.