Despite having a large number of Malaysian youths in debt, a survey has shown that our youths are aware of the loans they take as well as the consequences that may follow if it is not paid.
Hassanudin Mohd Thas Thaker, director of research and postgraduate studies in the Faculty of Business and Management at UCSI University, stated in a statement that these young Malaysians were also aware of the consequences of defaulting on their loans — proving that Malaysian youths do not apply for loans blindly.
Additionally, the UCSI poll also found 58 percent of Malaysian youths saying their financial status has been hurt post Covid-19. Hassanuddin also noted that for students to enrol in online programmes, he said, “this needs each student to have their own laptop and home Wi-Fi facility, which indirectly affects their daily financial well-being.”
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