survey on Malaysians' money-management skills has revealed thatscores of respondents do not possessadequate financial literacy to stewardtheir personal funds towards a solidfinacial plan. The Citi FinancialQuotient survey 400 people aged above18 showed that 63% respondents do notconsciously save a portion of theirsalaries, while 70% felt they hadaverage to poor understanding on how tomanage and invest their money. About80% say they do not have a formalretirement plan while half areuncertain about their retirement funds.On average, Malaysians say theircurrent savings would last 10 weeks ifthey were to lose their jobs but stillhad to pay all their regular day-to-dayexpenses. (Source: The Edge FinancialDaily)
Are you one of those Malaysian?
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