Based on the latest reporting, that is apparently not the case with an increasing number burdened by debt pressure to the tune of RM1.9billion! Is this situation likely to turn around in the medium term? There's no simple answer but it is safe to say the economy will need a major shift and boost in the right direction if we are to witness any abatement of the debt pressure.
Financial literacy and planning are no longer a "good-to-have" but a worthwhile long-term investment. Securing debt-free family assets to protect inheritance from creditors is also an important to-do item to protect and preserve the family's wealth for the younger generation.
To explore how to do this, click this link: https://www.generations-asia.com/exclusive-services/#trustsetup